Ferrari shares dropped about 10 percent on Wednesday after its new CEO said its financial targets to 2022 are “aspirational.”
Tag: Ferrari
UPDATE 1-Ferrari confirms guidance as new CEO takes the wheel
MILAN (Reuters) – Ferrari (RACE.MI) reported a 7 percent rise in second-quarter adjusted core earnings and confirmed its outlook for the year as a new boss takes charge at the Italian supercar maker following the death of Sergio Marchionne. FILE PHOTO: The Ferrari Insignia is seen at the back of a Ferrari Testarossa during a… Continue reading UPDATE 1-Ferrari confirms guidance as new CEO takes the wheel
The future of Ferrari under the Marlboro man
Getty Images Sergio Marchionne, Chief Executive Officer, Fiat Chrysler Automobiles is viewed next to a Ferrari after ringing the Closing Bell on the floor of the New York Stock Exchange (NYSE) on October 13, 2014 in New York City. Friends and colleagues of Camilleri, who requested anonymity because they aren’t authorized to speak for him… Continue reading The future of Ferrari under the Marlboro man
Auto industry legend CEO Sergio Marchionne dies at age 66
Former Fiat Chrysler (FCA) CEO Sergio Marchionne, who played a pivotal role in two corporate turnarounds, has died at the age of 66.
Mugen founder Hirotoshi Honda on why he didn’t follow in his father’s footsteps
As things turned out McGuinness couldn’t make the grid but another Mugen factory rider still managed to set a new course record at an average speed of 121.824mph, which is amazing when you consider that when they started six years ago, the bikes couldn’t crack 100mph. These things I learn while we wait. Mr Honda… Continue reading Mugen founder Hirotoshi Honda on why he didn’t follow in his father’s footsteps
UPDATE 4-Daimler braced for emissions-test impact as profit weakens
PARIS/FRANKFURT (Reuters) – Mercedes maker Daimler (DAIGn.DE) blamed U.S.-China tariffs for a 30 percent drop in second-quarter profit and predicted a further decline as new emissions test standards hit sales. FILE PHOTO: The Daimler logo is seen before the Daimler annual shareholder meeting in Berlin, Germany, April 5, 2018. REUTERS/Hannibal Hanschke Earnings before interest and… Continue reading UPDATE 4-Daimler braced for emissions-test impact as profit weakens
On the death of Sergio Marchionne: The Wolf in woolen sweater
All articles and backgrounds 07/25/2018 The death of Sergio Marchionne The Wolf in woolen sweater AFP Fiat Chrysler boss Sergio Marchionne in March 2018 It should only be a small operation on the shoulder, nothing serious. Within a few days, Sergio Marchionne assured only a few weeks ago, he would resume his work. But the… Continue reading On the death of Sergio Marchionne: The Wolf in woolen sweater
Fiat Chrysler replaces CEO Marchionne amid health struggles, ending impressive near 10-year run
Sergio Marchionne, the maverick auto executive who created and oversaw nearly a decade of post-bailout growth at Fiat Chrysler, has been replaced as CEO amid ongoing health struggles.
Fiat Chrysler kicks off Magneti Marelli spin-off
MILAN (Reuters) – Fiat Chrysler (FCA) (FCHA.MI) has kicked off its planned spin-off of parts maker Magneti Marelli which will be registered in the Netherlands and listed on the Milan stock exchange, a document outlining initial plans and seen by Reuters showed. Fiat Chrysler Automobiles (FCA) U.S. headquarters is seen in Auburn Hills, Michigan, U.S.… Continue reading Fiat Chrysler kicks off Magneti Marelli spin-off
See the very first McLaren Senna get delivered in Manhattan. The luxury car cost $1.3 million.
Michael Fux has purchased dozens of super cars in his life, from Ferraris to Bugattis to Porsches. But this morning, his favorite car is a bright green McLaren Senna that he just purchased for $1.3 million.