Sergio Marchionne has hailed an “outstanding” season for Ferrari at the end of his first year as the fabled marque’s president.<\/p>\n
After the turbulence and mediocrity of 2014, parent company Fiat ousted Ferrari’s long-time president Luca di Montezemolo and installed a new team boss in the form of Maurizio Arrivabene.<\/p>\n
And so with Marchionne now president of Fiat and Ferrari, he said of the fabled Maranello team’s 2015: “At the beginning of the season we said that if we won three races, Arrivabene and I would dance the samba.<\/p>\n
“The results were outstanding,” the Italian-Canadian added after a shareholder meeting in Amsterdam, adding that he is happy he has avoided the “embarrassment” of doing the samba for now.<\/p>\n
“17 podiums is confirmation that we have a great team capable of doing extraordinary things.\u00a0 (Sebastian) Vettel did a great season and he is a great guy, a great driver who has integrated well with the team.<\/p>\n
“Now we look to 2016,” Marchionne continued.\u00a0 “We have confirmed we have a great team by getting very, very close to Mercedes, but technically we are still inferior to them.”<\/p>\n
At Thursday’s meeting in Amsterdam, shareholders approved the separation of Ferrari from Fiat Chrysler, following the recent floating of 10 per cent of the shares.<\/p>\n
Now, Fiat will distribute the bulk of the remainder of the Ferrari shares, with the windfall to the group said to be about $4 billion.<\/p>\n
Former president di Montezemolo is quoted as saying by Italian media this week: “Ferrari has become Fiat’s cash machine.”<\/p>\n
\u00a9 RIF | GMM<\/p>\n","protected":false},"excerpt":{"rendered":"
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