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Ferrari and its stakeholders and executives (past and present) seem hell-bent on gaining control of Formula One and all it's worth. First came the election of former Ferrari CEO Jean Todt to the head of the FIA, which governs Formula One. Then more recently came reports that Exor – the ...
Ferrari was undoubtedly disappointed with the results from this weekend's season-ending grand prix in Abu Dhabi, but the Italian outfit may have left with a parting gift. One they had to pay for, anyway. According to reports, parent company Fiat exercised a clause to re-acquire the five percent ...
Fiat is increasing its stake in Ferrari, buying back the shares it sold to Italian investment bank Mediobanca during Fiat's financial troubles in 2002. The Turin-based auto conglomerate is the undisputed Don of the Italian car business, controlling Ferrari, Maserati, Alfa Romeo, Lancia, Iveco and ...