Sometimes the new boss is the same as the old boss, but now the situation has changed. Ferrari was thrown into the public sector last year, going live on the NYSE as RACE. Mr. Marchionne’s decision to spin off Fiat-Chrysler’s most revered marque has given Ferrari an influx of capital and insulates it from the ups and downs of being joined at the hip to one of the world’s largest automakers.
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Since a majority of Ferrari’s shareholders also own major parts of Fiat-Chrysler, it’s only fitting that Sergio should sit at the head of the table. The Wall Street Journal reported earlier today that he will be replacing Amedeo Felisa, who is stepping down while remaining on the board. Sergio’s leadership has led to a renaissance at Fiat-Chrysler, with Alfa-Romeo’s return to the US and strong fourth quarter sales for Jeep. The future looks promising for Ferrari, as they will have the leadership and funds needed to build the world’s most exclusive cars. Stay tuned to Autofluence for more Ferrari news.