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Old 12 Jun 2002, 12:37 (Ref:311506)   #25
Champ69
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Join Date: Jul 2001
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ACT Australia
Posts: 663
Champ69 should be qualifying in the top 10 on the grid
Scuderia Ferrari Marlboro

Ferrari is owned by the Agnelli Family, which is also the owner of Fiat. Ferrari is usually linked to Fiat but is in fact a different company. The ultimate control of the company rests with Gianni Agnelli, the 80-year-old patriarch of the family, who is the grandson of the founder of the Fiat car company. Agnelli, known in Italy as "the Avvocato", is one of the world's leading industrialists and chairman of Fiat between 1966 and 1996. Although he has now retired Agnelli continues to be closely involved in Ferrari's F1 program, having long been a supporter of Ferrari President Luca di Montezemolo.

The Agnelli's acquired 50% of Ferrari in 1968 with an agreement that when Enzo Ferrari died another 40% of the firm would come under the control of the Agnellis. The remaining 10% are held by the Ferrari family. Ferrari died in 1988 and the shareholding in Ferrari has remained the same except that in 1996 three percent of the Agnelli shares were sold to a consortium of banks. The following year Ferrari acquired the Maserati company and is in the process of rebuilding as Ferrari does not wish to expand too much and ruin the exclusive image of being a Ferrari owner.

Facts checked. Taken from grandprix.com go there and have a read. good site factual information.

As you can see Ferrari is a seperate company to Fiat and thus is not being sold to GM.

calais. your figures do look nice.
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