Fiat to sell Ferrari to GM! All car enthusiasts... a moment of silence please.

[chickendinner]

Damn what sad day that will truly be

 

[RossMAN]

Originally posted by: glen
Quick, somebody photo shop an Escalade and an F50 together.

Paging Lordmaul, where are you?

 

[The Stigenator]

Sorry My mistake.. I forgot Giovanni Anienli owned Ferrari too.. The guy owns(ed) Fiat, Lancia, Mazarati, Lamboghni and Ferrari.. + Juventus Football + 3 of the biggest newspapers in Italy + some other industries..

 

[Nefrodite]

actually jaguar improved in quality after they were bought by an american company i think the same happened to volvo go figure.

 

[Jimbo]

Fiat to sell Ferrari to GM!

OMG! Build quality and R&D might improve!
The price of a Ferrari might come down! :Q

Oh, and the down side would be... ?

 

[yakko]

Originally posted by: The_good_guy
Sorry My mistake.. I forgot Giovanni Anienli owned Ferrari too.. The guy owns(ed) Fiat, Lancia, Mazarati, Lamboghni and Ferrari.. + Juventus Football + 3 of the biggest newspapers in Italy + some other industries..

Lamborghini is owned by Audi. It has been for years now.

 

[Nemesis77]

The way I'm reading the article, it seems that:

1. Fiat is planning to float Ferrari. Not to sell to GM, but to sell shares of Ferrari to stock-market in general
2. Sometime down the road, Fiat Auto may be sold to GM entirely.

Now, if I remember correctly, the ownership-structure of Fiat/Ferrari goes something like this. The parent company of Fiat owns alot of companies (they make trains among other thing). That parent-company also owns Ferrari. Fiat Auto is one of those subsidiaries. Fiat Auto owns the other brands (Lancia, Alfa Romeo and maybe Maserati), but not Ferrari. Ferrari is owned directly by the parent-company. If Fiat Auto is sold to to GM, it would NOT mean that GM also get's Ferrari. because Fiat Auto does not own Ferrari, the parent-company does.

EDIT: Can't speel

 

[Muadib]

The article mentions that Fiat owns 90% Ferrari Maserati Sport . In fact, there were rumors of Fiat going IPO with Ferrari, but I guess this lastest news pretty much kills that.

 

[Wingnut]

Very Kewl !!!

I hope to live to see the day when GM puts Ferrari V-12's in their sorry, ugly front wheel drive El-Camino's !!

 

[Viper GTS]

Originally posted by: Jimbo

Fiat to sell Ferrari to GM!

OMG! Build quality and R&D might improve!
The price of a Ferrari might come down! :Q

Oh, and the down side would be... ?

The down side would be Ferrari would no longer have it's soul.



Viper GTS

 

[spanky]

wow.

 

[Nemesis77]

Here is some additional info on the structure of Fiat Auto. It mentions Fiat, Lancia and Alfa Romeo. Nowhere is Ferrari mentioned. Fiat Auto does not own Ferrari. If Fiat Auto is sold to GM, it would NOT include Ferrari.

The Fiat Group's automotive operations are managed primarily through Fiat Auto Holdings B.V., which controls the Group's automobile and light commercial vehicles sectors, with the exception of Ferrari and Maserati.

I hope this clears things up a bit.

 

[tops2]

aaahhhhh

 

[Muadib]

Originally posted by: Nemesis77
Here is some additional info on the structure of Fiat Auto. It mentions Fiat, Lancia and Alfa Romeo. Nowhere is Ferrari mentioned. Fiat Auto does not own Ferrari. If Fiat Auto is sold to GM, it would NOT include Ferrari.

The Fiat Group's automotive operations are managed primarily through Fiat Auto Holdings B.V., which controls the Group's automobile and light commercial vehicles sectors, with the exception of Ferrari and Maserati.

I hope this clears things up a bit.

Indeed it does.

 

[C'DaleRider]

Fiat Auto does not own Ferrari.

No, but FIAT does..............

June 1, 2001

Italy's Fiat SpA said it acquired an additional three percent stake held in Ferrari from the Prudentia Fund, a bank investment group, for $12.9 million, Reuters reports.

Fiat now holds 90 percent of Ferrari, with the remaining 10 percent in the hands of the Ferrari family.

Link here.

 

[Nemesis77]

Originally posted by: C'DaleRider

Fiat Auto does not own Ferrari.

No, but FIAT does

Although Fiat will retain control of Ferrari after the listing, there are suggestions among experts that the parent company may be forced to sell Fiat Auto

They might sell Fiat Auto, a subsidiary of Fiat Group. Fiat Auto consists of Fiat, Alfra Romeo and Lancia. Ferrari and Maserati are NOT part of Fiat Auto, they are owned directly by the Fiat Group. If Fiat Auto is sold to GM, it would NOT include Ferrari and Maserati. Altrough they could sold 'em too to GM, but there are NO hints pointing to that direction. The plan is to float Ferrari in the stock-market and maybe sell Fiat Auto to GM. No-one is even remotely suggesting that they are selling Ferrari to GM.

Are we clear?

 

[C'DaleRider]

Are we clear?

Oh, yes indeed, young pup. That's what was said in my post.... Fiat SpA owns Ferrari, the overall conglomerate of Fiat, whcih includes Fiat Auto.

 

[Muadib]

Originally posted by: C'DaleRider

Are we clear?

Oh, yes indeed, young pup. That's what was said in my post.... Fiat SpA owns Ferrari, the overall conglomerate of Fiat, whcih includes Fiat Auto.

Yeah, my post said that, but since GM only has a stake in Fiat auto, then Ferrari is in no danger of being bought by GM.

 

[Nemesis77]

Originally posted by: Muadib

Originally posted by: C'DaleRider

Are we clear?

Oh, yes indeed, young pup. That's what was said in my post.... Fiat SpA owns Ferrari, the overall conglomerate of Fiat, whcih includes Fiat Auto.

Yeah, my post said that, but since GM only has a stake in Fiat auto, then Ferrari is in no danger of being bought by GM.

Yep, GM already owns 20% of Fiat Auto (and Fiat in turn owns something like 5% of GM)

 

[coolVariable]

1. GM already own Ferrari kind of because they are one of the biggest (or THE biggest?) share holder of Fiat ...
2. Maybe GM will teach those sleazy italians what fair play in sports means (eg Formula 1 Austria Grand Prix ... do I need to say more?)
3. Maybe Ferrari will finally build a car where you don't need to take a technician along for the ride (their reliability SUCKS big time)?
4. Hopefully Formula 1 will now become as popular in the US as it is in Europe?

 

[Nemesis77]

Originally posted by: coolVariable
1. GM already own Ferrari kind of because they are one of the biggest (or THE biggest?) share holder of Fiat ...

*sigh*.... Read the thread. GM has ZERO ownership in Ferrari. GM owns 20% of Fiat Auto, but Fiat Auto does not own Ferrari, the parent-company does.

 

[Muadib]

 

[Mrburns2007]

What a tragedy that a great company like GM might own ferrari and the corvette. Truthfully rather have the vette there a lot more reliable and better for day to day sports car fanatic.


Also how many of you could actually buy a ferrari ????????????????????????????????????????????????????????????????????????

 

[Banana]

Originally posted by: RossMAN
Soon Microsoft, VW and GM will rule the world.

Don't forget Wal-Mart! (God--I hate Wal-Mart . . .)

But as for the original post, what's wrong with GM? How is Fiat any better than GM? I have an Oldsmobile and its a great car! Can't say the same for the POS Fiats I've experienced.

1YP

 

[ThePresence]

Can someone help me out here? What is the big tragedy? The same guys will be building the cars, the money will go elsewhere. Big deal. Who cares where the money goes? Look what happened when Ford bought Jaguar. That was also hailed as a tragic event, yet all Ford did was rewire the cars, so that the infamous Jaguar electrical problems were no more. How was that so tragic?