Ferrari is going broke!

Dr.
Once again Ferrari is not part of the GM/FIAT put. It's finances and ownership are separate. Ferrari is not going broke.

 

It's GM struggling to get out of the deal, citing FIAT's extensive reorganization since the put option was signed.....meanwhile the stock has tanked.........


"You take it"


"No, I don't want it, YOU take it."






LOL!

FIAT Auto does not represent the whole Agnelli empire however, maybe Napolis can see thru the murk of this deal and explain it to us bystanders.

Kinda like watching a train wreck in slow motion!

 

Does it really matter who owns Ferrari? Whoever owns Ferrari, pays the bills, but well be sensible enough to let Ferrari be Ferrari. Audi isn´t doing Lamborghini a whole lot of harm, is it?

 

Fiat Auto is not part of the GM put option.
The FIAT group controls the companies FIAT auto, Ferrari etc. FIAT auto is just one sick puppy in the litter.

Edit...Ooops a bit slow in typing...seems 4 others got a post in there before me

 

IIRC that's the case, a parent company owns both subsidiaries................

 

If Ferrari is going broke, should we all take up a collection?

 

That is open to discussion

 

This is the automotive arm of the FIAT group.
The GM deal is with FIAT Auto
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A bit of a hijack, but does anyone know if Ferrari is profitable on its own?

 

Sorry my bad...I meant to write Ferrari is not part of the Fiat Auto/GM, put option

 

YES.

 

That would be nice, but I think there is a 2 billion dollar shaped hole that the banks would like to fill first

 

LOL!

i think there are like FIVE $2B-shaped-holes that need filling

doody.

 

That would be close, IMO. I say this because some of the cars are so outlandishly priced that they only sell a few a year. So, I am sure some of the high end vehicles might loose money to exist. I am sure they make money on the lower priced Ferraris (not that they are really lower end) but I am not in thier books to know for sure if it covers the cost of their empire.

 

Is that true? Are there any Enzos that go begging? I don't think so.

 

Have you seen the Gaylordo?

 

Sure have, and it rocks. And next year, 600hp is standard. Ah, the benefits of a V10...

 

i dunno, audi has turned em into AWD bores.

GM has done wonders for mass producing the hummer after they bought it. as well, they are closing down saab. so if GM gets their hands on ferrari, they will either increase production and expand model variations or shut it down if it can't make dough.

 

gotta love a little porker that has a computer deciding how much power goes to the front and the back instead of good ole driver throttle imput as in rwd cars. as well, what a blast it is when the thing goes all the way to 70 mph in first gear. boring. it's darn near as numb as all audis are famous for.

 

Yep, read the article in WSJ too.

One big downside for me personally is that it looks like no more Alfa Romeo in the US. I can't see Fiat Auto entering the US market w/o GM's help.

The weird thing in the article was that, do any of you recall anyone calling the original hook up a "marraige made in heaven?"

I think most industry observers were pretty skeptical at the time.

 

I wonder how long until someone corrects you with "gal-lardo' and posts a certain image. I am thinking withing the next 15 posts.