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.

 

Yes, it is.

 

see above

 

See below.

 

See to the left...now, slide

 

as above so below lol

 

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.

 

This just in Ferrari due to make SUV and a engine that does not require to be pulled at the 10 mile mark.

 

This is so yesterday

 

Ferrari hasnt had to have an engine pull maintenance service for sometime.

 

why would they announce this on April fools day?

 

Click on more details, click here" on the original post..

 

You only pranked yourself.

This one was much more clever.

https://drivetribe.com/p/P3bDtHa4SQu...R4GdPe4V_DGk-w