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The AutoGuide News Blog is your source for breaking stories from the auto industry. Delivering news immediately, the AutoGuide Blog is constantly updated with the latest information, photos and video from manufacturers, auto shows, the aftermarket and professional racing.
 |  May 07 2013, 4:25 PM

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Ferrari Chairman Luca di Montezemolo is looking to increase the exclusivity of the Italian automaker’s offerings rather than growing volume to protect its margins and residual values for its customers.

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 |  Mar 21 2012, 11:01 AM

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Earlier this month, Italian exotic automaker Ferrari debuted its new F12 Berlinetta at the 2012 Geneva Motor Show. Ferrari Chairman Luca Cordero di Montezemolo was responsible for the unveiling of the F12 Berlinetta, and now he is once again denying reports of a Ferrari IPO. 

Despite addressing these rumors last month about Ferrari going public, new ones surfaced when Italian business tabloid MF said a number of investment banks visited Fiat‘s office to propose a listing last week. Nonetheless, Luca Cordero di Montezemolo has reassured the public that Ferrari is indeed not going public anytime soon; though Sergio Marchionne, Fiat CEO, has left open the possibility of an eventual listing.

By going public, Ferrari has the potential to raise funds for its parent company, Fiat, by leveraging the popularity of its luxury moniker.

GALLERY: Ferrari F12 Berlinetta

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 |  Aug 12 2011, 2:45 PM

We went to crafts camp, swimming camp, get eaten alive by bugs camp… back in the old days, we had it rough. Not like kids today – they get the chance to go to Ferrari camp.

Ok, so not all kids get that chance – only the ones live near Ferrari’s headquarters in Maranello. It’s the greatest place ever to work, because that office has everything: a full village for employees complete with a gym, restaurant and a bar. And now, it has a day camp for kids… but if we worked there, we would totally play hooky for the day and see if we could blend in with the rest of the campers.

Recently, those lucky kids got a special treat – Ferrari’s chairman Luca Cordero di Montezemolo stopped by, along with guests Fernando Alonso, Felipe Massa and a few others.  Watch the video after the jump and once it’s finished, go complain to your kids how good they have it.

[Source: Autoblog]

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 |  Feb 16 2011, 6:15 PM

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Ferrari head Luca Cordero di Montezemolo denied reports that the company was planning to go public. “There are no current plans (to list the company). Perhaps in three, four or five years. There is no project now. Maybe there never will be,” he told Reuters.

There was brief speculation that Ferrari would be listed on stock exchanges separately from parent company Fiat.

[Source: Reuters]