DECEMBER 10, 2002
Will Ferrari be affected by Fiat crisis?
There was speculation in Italian newspapers on Tuesday that the new luxury group could involve the Volkswagen group having a 49% shareholding in the new company. If that was to happen Fiat would lose control of Ferrari as 10% of the company belongs to the Ferrari Family and with Volkswagen holding 49% the Fiat control would be broken.
Maserati reacted to the leaks saying that there had been talks with Audi about "possible technical and commercial cooperation" but did not confirm a bigger deal. The VW deal does not seem very likely as the company already controls a number of luxury brands, notably Lamborghini, Bentley and Bugatti.