Volkswagen Group has acquired 90 % of Ferrari N.V. for a sum of of $13 billion after buying out private shareholders and Exor N.V. Piero Ferrari will still retain his 10% in the company which faces major restructuring in coming weeks.
Speaking to GTspirit, VW’s Chairman of the Board of Management, Matthias Müller said that the deal comes after months of negotiating with Sergio Marchionne who has since resigned from his post as Chairman and CEO of Ferrari. Muller has been trying to get hold of Marchionne since February but the Ferrari CEO has foiled all efforts.
“The discussion to buy out Ferrari has been ongoing ever since the company separated from Fiat S.p.A in 2015,” said Muller. When asked if Marchionne was part of the deal, “Marchionne has proved very hard to deal with, i have no problem working with him, there is a post awaiting him at VW offices and we could use his knowledge to take VW Group to a new level,” he added.
Ferrari has just launched the 812 Superfast which is said to be the last N/A V12 from the Italian car maker. But that could change as VW wishes to keep the image of the prancing horse intact, including the N/A engines for another decade.
Full details of this report can be found on the Volkswagen site here.
Nice April Fool joke
Good joke for April’s Fools
Not to be outdone, BMW has bought VW.
stop dreaming bro ….
no way! vw is the largest in the world!
The largest, but not the most profitable. VW is kind a shit actually; not as disgusting as hyundai/kia, but about the same.
cant wait for toyota to acquire 99% of lexus next year!
Mr. Marchioness has proved to be boss of all bosses in the automobile industry. When he was hired, Fiat was on the verge of bankruptcy. So were all The other Italian car manufacturers that he managed to buy & revive, including Chrysler. The Agnelli family knew how to entrust him with those revivals. What a fantastic job he has done. He deserves all the accolades available. His decision must be honored.
Sort of funny— except if rumors are true FCA and VW very well may merge so…
Man you are not right. I was about to throw my phone across the room then I saw the link below.
I don’t share your humor…where is the joke?
Ready for EPC light, Ferrari?
Was this an April fools joke
Breaking news: GTSpritis becomes a serious blog and now they understand a little more than Jalopnik about cars.
Not good thé deal to Volkswagen Ferrari spa is on bed Shape now for ever.
Ferrari spa to Volkswagen is bad deal . 13 million not good.
Ferrari spa is not german or japanese …………………””………
Put 100 percent to gm is going be beter. Indépendant cars of spa sit corvette and Ferrari ni italian cars is much Moore ofevebole
Ferrari spa suppose be 100 percent italian indenpent of fiât chrysler not wolkswagen live lamborghini to wolkswagen it s verra bed now thé put a carberge car on iferrari not good it not porche car is v12 cars unique
Is it a joke now
FcA or Volkswagen cars is not Ferrari spa . Italian cars it italian not Volkswagen 13 million to on
new Corvette to Ferrari is so worted compare to vokswagen
I hâte wolkswagen comparé to gm
Ferrari fcA to Volkswagen is not good to Ferrari . I look to new corvette it si well made now Ferrari is on bed shape wit fca chrysler and vokswagen s’hydrater not Toyota on faca or Mazda wit alfa Roméo : alfa Roméo fca gtoup chryslers cars is on backery acquiers but for car llike Ferrari to chrysler and vokswagen on it is not good deal Marchionne retire Foster posible
Ferrari spa and fca is not good deal and vokswagen on it for Ferrari it not good idée go retire fast posibole cergio Marchionne not wit vokswagen Ferrari it not good idéal ferrarari is indenpendent cars unique and italian not german
Lamborghini to vokswagen it big mistaken i hop Ferrari it né et going on vokswagen or nissan
Retirée fast cergio i hop you going sell Ferrari to vokswagen for 13 milion put Ferrari fac indenpendent to spa put Ferrari indenpent to fac voksgen Ferrari it not vokswagen or chrysler or ather car lire japanese . Put alfa Roméo indenpent to fac fusion to Ferrari mâle Group morte stronger wit masserati not wit vokswagen or i préfère gm cars comparé to vokswagen
“Keep Ferrari intact”…………Believe me it would be a major error to change Ferrari too much…But VDub has done very well with Lambo and Bentley.thus far……..So.
Check the date of the article guys….
Noticia de 2017 sendo repetida como de hoje. FAKE