Fiat shelves Ferrari float

Michael Schumacher, Japanese GP 2003

Michael Schumacher, Japanese GP 2003 

 © The Cahier Archive

Fiat has announced that it is to shelve plans for the flotation of Ferrari because of deteriorating conditions on the Italian stock market. Chief executive Giuseppe Morchio said that the IPO would be postponed indefinitely while the Maranello firm worked to improve sales of Maserati models.

Follow grandprixdotcom on Twitter

Print News Story
Stories:: MARCH 1, 2004
FIAT SHELVES FERRARI FLOAT