F1 »

Ferrari to follow Williams onto stock market?

Will Ferrari follow Williams into the stock market?
After Williams announced plans to float on the stock exchange late last week, a rival team could be set to follow suit having been considering a similar move for some time.

According to Pitpass, Ferrari first considered floating on the stock exchange as early as 2004, with Piero Ferrari revealing that the company could float 'within twelve months'.

While that move never happened, senior financial sources have now told the website's business editor that an announcement could be made that Ferrari will float on the stock exchange prior to the launch of the 2011 F1 machine this Friday.

Should such a move be made, it would come only a matter of months after Fiat bought back shares in Ferrari from the investment firm Mubadala in a deal worth more than 120 million Euros.

Company profits have increased noticeably over the past twelve months thanks to an increase in sales and the reduced costs involved in F1, making Ferrari a more attractive option to investors if it was to enter the stock market.


Tagged as: FIA , Ferrari , Williams , Fiat , stock market

Related Pictures

Click on relevant pic to enlarge

Felipe Massa (BRA), Scuderia Ferrari

Felipe Massa (BRA), Scuderia Ferrari
Stephane Richelmi tested the Ferrari F2008 as reward for finishing second in the 2010 Italian F3 Championship   [pic credit: Ferrari]
27.11.2016 - Race, 2nd place Nico Rosberg (GER) Mercedes AMG F1 W07 Hybrid and Champion 2016 and 3rd place Sebastian Vettel (GER) Scuderia Ferrari SF16-H
27.11.2016 - Race, 2nd place Nico Rosberg (GER) Mercedes AMG F1 W07 Hybrid and Champion 2016, Lewis Hamilton (GBR) Mercedes AMG F1 W07 Hybrid race winner and 3rd place Sebastian Vettel (GER) Scuderia Ferrari SF16-H
27.11.2016 - Race, 2nd place Nico Rosberg (GER) Mercedes AMG F1 W07 Hybrid and Champion 2016 and 3rd place Sebastian Vettel (GER) Scuderia Ferrari SF16-H
27.11.2016 - Race, 2nd place Nico Rosberg (GER) Mercedes AMG F1 W07 Hybrid and Champion 2016 and 3rd place Sebastian Vettel (GER) Scuderia Ferrari SF16-H
27.11.2016 - Race, 3rd place Sebastian Vettel (GER) Scuderia Ferrari SF16-H
27.11.2016 - Race, 2nd place Nico Rosberg (GER) Mercedes AMG F1 W07 Hybrid and Champion 2016 and 3rd place Sebastian Vettel (GER) Scuderia Ferrari SF16-H
27.11.2016 - Race, Start of the race, Daniel Ricciardo (AUS) Red Bull Racing RB12 and Sebastian Vettel (GER) Scuderia Ferrari SF16-H and Kimi Raikkonen (FIN) Scuderia Ferrari SF16-H
27.11.2016 - Race, Sebastian Vettel (GER) Scuderia Ferrari SF16-H
27.11.2016 - Race, Sebastian Vettel (GER) Scuderia Ferrari SF16-H
27.11.2016 - Race,Kimi Raikkonen (FIN) Scuderia Ferrari SF16-H  leads Daniel Ricciardo (AUS) Red Bull Racing RB12
27.11.2016 - Race, Daniel Ricciardo (AUS) Red Bull Racing RB12 leads Sebastian Vettel (GER) Scuderia Ferrari SF16-H
27.11.2016 - Race, Kimi Raikkonen (FIN) Scuderia Ferrari SF16-H
27.11.2016 - Race, 2nd place Nico Rosberg (GER) Mercedes AMG F1 W07 Hybrid and Champion 2016, Lewis Hamilton (GBR) Mercedes AMG F1 W07 Hybrid race winner and 3rd place Sebastian Vettel (GER) Scuderia Ferrari SF16-H
27.11.2016 - Race, 3rd place Sebastian Vettel (GER) Scuderia Ferrari SF16-H
27.11.2016 - Race, 3rd place Sebastian Vettel (GER) Scuderia Ferrari SF16-H

Join the conversation - Add your comment

Please login or register before adding your comments.

Although the administrators and moderators of this website will attempt to keep all objectionable comments off these pages, it is impossible for us to review all messages. All messages express the views of the poster, and neither Crash Media Group nor Crash.Net will be held responsible for the content of any message. We do not vouch for or warrant the accuracy, completeness or usefulness of any message, and are not responsible for the contents of any message. If you find a message objectionable, please contact us and inform us of the problem or use the [report] function next to the offending post. Any message that does not conform with the policy of this service can be edited or removed with immediate effect.


Rob01 - Unregistered

January 24, 2011 3:12 PM

Microsoft doesn't pay dividends. thus investors who buy stocks that do not pay dividends prefer to see these companies reinvest their earnings to fund expansion and other projects which they hope will yield greater returns via rising stock price.

BEA

January 24, 2011 1:06 PM

  •   Reply
  •   1 agree
  •   0 disagree


© 1999 - 2016 Crash Media Group

The total or partial reproduction of text, photographs or illustrations is not permitted in any form.