Tag: Ferrari

Ferrari pre-sells entire new supercar model despite £1m+ price tag

Luxury goods sector Luxury carmaker calls new Monza models the ‘closest driving experience to F1’ Ferrari is banking on selling more limited-edition cars to boost profits. Photograph: Seth Wenig/AP Ferrari has announced a new open-top supercar it describes as “probably the closest and purest driving experience to Formula 1” – and has already pre-sold the… Continue reading Ferrari pre-sells entire new supercar model despite £1m+ price tag

Ferrari investors want assurance on targets and SUV plans

MILAN (Reuters) – Ferrari’s (RACE.MI) new boss has his work cut out on Tuesday to convince investors that the supercar maker can hit mid-term targets he described last month as “aspirational”. FILE PHOTO: The new Ferrari 488 Pista during a presentation at the 88th International Motor Show at Palexpo in Geneva, Switzerland, March 6, 2018.… Continue reading Ferrari investors want assurance on targets and SUV plans

Aston Martin picks ‎Hughes to steer car-maker’s £5bn public debut

A former Coca-Cola executive who is one of Britain’s most experienced boardroom figures has been lined up to steer Aston Martin’s £5bn drive onto the London stock market. Sky News can exclusively reveal that Penny Hughes will become the first female chair of a British car-maker when the luxury marque lists its shares in the… Continue reading Aston Martin picks ‎Hughes to steer car-maker’s £5bn public debut

Statement from McLaren Group

Mr Marchionne was a passionate industrialist, a titan of the automotive industry and a formidable business leader. Our great sporting rivalry and mutual respect in Formula 1 was enhanced by his tenure at the helm of Ferrari. His dedication to Ferrari was equalled by his intellect and forthright approach to business. He was a tough… Continue reading Statement from McLaren Group

Mr Marchionne was a passionate industrialist

Mr Marchionne was a passionate industrialist, a titan of the automotive industry and a formidable business leader. Our great sporting rivalry and mutual respect in Formula 1 was enhanced by his tenure at the helm of Ferrari. His dedication to Ferrari was equalled by his intellect and forthright approach to business. He was a tough… Continue reading Mr Marchionne was a passionate industrialist

Aston Martin announces IPO plans

Aston Martin made it official on Wednesday, the company has alerted UK stock market regulators that it plans to list at least 25 percent of the company on the London stock exchange. Continue Reading Below The British sports car maker, known for its role in James Bond movies and luxury cars like the DB11, plans… Continue reading Aston Martin announces IPO plans

Luxury, the solid gold vein of the automobile

Trees do not climb to the sky unless they are called Ferrari. A shining symbol of the insolent health of the luxury automobile, the Italian brand has flown on the stock market since coming to Wall Street three years ago. The prancing horse is currently worth 24.5 billion dollars in the market (21 billion euros),… Continue reading Luxury, the solid gold vein of the automobile

Aston Martin drives ‘milestone’ £5bn float as profits accelerate

Aston Martin says it is gearing up for a “key milestone” in its history through a stock market listing. The luxury UK sports car manufacturer confirmed a story by Sky News on Tuesday that it had started the flotation process, with the aim of launching the prospectus for its Initial Public Offering (IPO) on 20… Continue reading Aston Martin drives ‘milestone’ £5bn float as profits accelerate

UPDATE 3-Aston Martin plans to go public as turnaround picks up speed

LONDON (Reuters) – Luxury carmaker Aston Martin plans to float on the London Stock Exchange, completing a turnaround for the once perennially loss-making company that could now be valued at up to 5 billion pounds ($6.4 billion). FILE PHOTO: A company logo is seen on the new Aston Martin Vantage car at a media event… Continue reading UPDATE 3-Aston Martin plans to go public as turnaround picks up speed