Tag archive for ‘Ferrari’
News Brief On Friday, May 10th, 2019

Ferrari To reveal hybrid Supercar at the end of May

Ferrari CEO Luis Camillieri has announced the launch of a second hybrid supercar out of five the Italian manufacturer plans to unveil during this year. The new hybrid Ferrari will be shown towards the end of More...

News Brief On Sunday, August 26th, 2018

Rare Ferrari 250 GTO Sells for Record $48.4 Million at Auction

One of only 36 Ferrari 250 GTOs ever built sold for $48.4 million on Saturday in California, the most ever paid for a classic car at auction by RM Sotheby. A 1963 version of that car sold for $70 million in More...

Jewish Business News On Sunday, November 6th, 2016

The Ferrari Billionaire and the World’s Youngest F1 Racer Son

  The Son Williams Martini Racing announced that Lance Stroll will join the Formula One team in 2017 Formula World Championship. The 18-year old currently holds the lead in the FIA Formula 3 European Championship. Lance More...

News Brief On Thursday, December 3rd, 2015

Fiat Chrysler Shareholders Approve separation of Ferrari

Fiat Chrysler Automobiles NV investors approved the spinoff of its supercar unit Ferrari NV, part of Chief Executive Officer Sergio Marchionne’s plan to raise cash and reduce debt. Shareholders voted about More...

News Brief On Wednesday, October 21st, 2015

Ferrari faithful rev IPO price to top of range

  Ferrari NV (RACE.N) priced its initial public offering at the top of expectations on Tuesday, raising $893 million, as drivers enamored with the luxury sports car maker snapped up its shares alongside More...

Ilan Shavit On Saturday, October 10th, 2015

Ferrari files for IPO, Valued at $10 Billion

  On Friday Ferrari filed IPO paperwork to offer 17.2 million shares on the NYSE, valuing the company nearly $10 billion, at $48-$52 per share. The shares will trade on the New York Stock Exchange under More...

News Brief On Friday, September 4th, 2015

Fiat Chrysler Automobiles to wait until Ferrari spin off for GM merger

Fiat Chrysler Automobiles will likely wait until the spin off of its Ferrari brand next year to make a bid to merge with auto giant General Motors, a new report finds. FCA CEO Sergio Marchionne has made it clear More...

News Brief On Sunday, July 12th, 2015

16-year legal battle over a 1954 Ferrari racer currently owned by Les Wexner

Wanted: one caring owner for a cherry-red 1954 Ferrari racer; current proprietorship heavily contested. When an eccentric US army engineer who worked on the Manhattan Project during World War II bought a burned-out More...

Niva Goldberg On Sunday, June 7th, 2015

Anonymous billionaire Sells his fleet of rare super cars for $65 million at Sotheby’s

An anonymous billionaire will sell his fleet of  rare super cars for $65 million at Sotheby’s California’s Monterey 2015 Classic Car Auctions on August 13, Business insider reports. The More...

Reuters On Thursday, December 11th, 2014

Fiat Chrysler says no plan to move Ferrari’s tax base outside Italy

– Fiat Chrysler Automobiles (FCA) has denied a media report saying it was considering a move in the tax residence of its Ferrari luxury sportscar unit outside Italy. “These rumors have no grounds, More...

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