Tuesday, March 3, 2015

Ferrari, Marchionne: possible holding in Netherlands – Il Sole 24 Ore

Ferrari, Marchionne: possible holding in Netherlands – Il Sole 24 Ore

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This article was published on March 3, 2015 at 11:19.
The last change is the March 3, 2015 at 13:06.

Ferrari could have a Dutch holding company that is publicly traded. He said Sergio Marchionne, Chairman of the House of Maranello, speaking to reporters at the Geneva Motor Show. Marchionne stated that ‘it is under consideration, no decision has yet been taken, “and said that” the eventual Dutch holding company would be above the company’s production, which will remain in Italy. ”

“Ferrari will continue to make all its cars in Italy, to make profits and pay taxes in Italy”, then explained the president of the Horse at the Geneva Motor Show.

The manager explained that the main advantage of a Dutch holding company is the possibility of a mechanism of double voting rights for members stable – the same one that has already been adopted by Fiat and Chrysler before for CNH Industrial . He added that he did not care about the possible effects on the mark, given that “we must not confuse financial and operational realities and Ferrari spa will be Italian.”

When asked about the decline in margins Ferrari in 2014 has blamed “the costs of Formula One.” Marchionne has therefore made a prediction very cautious on the European market, stating that “will grow between 0.5% and 1% this year.” He then said that “will require some form of incentive to make sellable hybrid engines.”

Ferrari’s, World before 2018
“The machine is and the drivers are gasatissimi. I believe that the World Cup is something due: for Ferrari fans, its history and those who work in the company. ” So the president of Ferrari, Sergio Marchionne, at the Geneva Motor Show. «World by 2018? I also hope before, “Marchionne added.

A Melfi 1,900 new jobs
In particular, according Marchione, the new entries in the plant Fca Melfi “could rise to 1,900 ‘, compared to the 1,500 initially provided, between the rise of new hires and separations from other establishments.

“Jobs Act, necessary act”
“The Jobs Act was a necessary act for update the system of rules at work. Did much to modernize the system of industrial relations in Italy, “said the then CEO of Fca. Referring to Melfi, Marchionne reiterated that new hires “would enter with fixed-term contract, if the Jobs Act becomes effective will become stable. We will go over the thousand that we talked – he repeated Marchionne – there is the great game that we are playing on the Alfa Romeo. There are less than four months after the launch of the new Alfa, the commitment is there and you should go into production later this year or next year. ”

My successor inside: I’m working
“One of my duties and my obligations is to create conditions to give birth to my successor within the company . And I’m working on for a while ‘, “he then said Marchionne. “Companies that do not think they have problems – he added – and we have been living on our skin. I was third in 24 months, and this is not a good sign. ” “This year I celebrate the eleventh year – continued Marchionne – not sure I’m leaving tomorrow, but the industrial development of the group and the growth of the leaders of this house are my goals.”



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