{"id":8717,"date":"2010-09-30T08:59:06","date_gmt":"2010-09-30T12:59:06","guid":{"rendered":"https:\/\/www.racinginfocus.com\/?p=8717"},"modified":"2010-09-30T08:59:06","modified_gmt":"2010-09-30T12:59:06","slug":"fiat-considers-selling-ferrari-shares","status":"publish","type":"post","link":"https:\/\/www.racinginfocus.com\/rif\/formula-1\/fiat-considers-selling-ferrari-shares\/","title":{"rendered":"Fiat considers selling Ferrari shares"},"content":{"rendered":"<p>According to a rumour at the Paris Motor Show on Thursday, Italian carmaker Fiat is considering selling some of its shares in Ferrari and the famous formula one team.<\/p>\n<p>The rumour emerged a few days ago based on a report in the Corriere della Sera newspaper, suggesting Fiat wants to raise money to increase its stake in Chrysler to 51 per cent.<\/p>\n<p>Fiat, who currently own 85 per cent of Ferrari, has denied the rumours that it is prepared to reduce its shareholding to a controlling 51 per cent.<\/p>\n<p>The other significant Ferrari owner is Abu Dhabi investment company Mubadala.<\/p>\n<p>Maranello based Ferrari is valued at more than $3 billion.<\/p>\n<p>At the Paris motor show on Thursday, Ferrari president Luca di Montezemolo said the marque&#8217;s profits were close to record highs in 2010.<\/p>\n<p>&#8220;Despite the crisis we&#8217;ll close the year better than last year,&#8221; he said.<\/p>\n<p>The Italian also played down the latest reports he is considering entering politics, insisting he is &#8220;ready to work a lot for the future of Ferrari&#8221;.<\/p>\n<p><em><span style=\"color: #c0c0c0;\">\u00a0\u00a9 RIF | GMM<\/span><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to a rumour at the Paris Motor Show on Thursday, Italian carmaker Fiat is considering selling some of its shares in Ferrari and the famous formula one team. The rumour emerged a few days ago based on a report in the Corriere della Sera newspaper, suggesting Fiat wants to raise money to increase its &#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0},"categories":[3],"tags":[2250,5262,93,718,5340,148,2249],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/posts\/8717"}],"collection":[{"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/comments?post=8717"}],"version-history":[{"count":1,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/posts\/8717\/revisions"}],"predecessor-version":[{"id":8718,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/posts\/8717\/revisions\/8718"}],"wp:attachment":[{"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/media?parent=8717"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/categories?post=8717"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/tags?post=8717"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}