“With Ferrari, Italy too will start running faster than the others in 2016”. The prime minister said, Matteo Renzi, speaking this morning at the Ferrari quotation ceremony in Milan's Piazza Affari. And he added: "Ferrari's listing is a beautiful message for Italy and an extraordinary opportunity for all investors because it is a large company and a large brand".
Renzi was echoed by the CEO of FCA, Sergio Marchionne, who appreciated the speech and the presence of the Premier and explained that for Ferrari the quotation also in Milan after that of Wall Street is "a new goal and a new departure" and that "the Italian spirit of the Reds makes it unthinkable to produce it outside of the historic Maranello factory”.
Marchionne, who was accompanied by the president of FCA John Elkann and by the general staff of Ferrari, added that the group will not fail to invest in Ferrari but that the objective of the Ferrari is not only economic but also competitive and that is to bring back the world title of Formula 1 in Maranello.
Unfortunately, the debut on the Italian Stock Exchange took place on a day of general decline on share prices following the collapse of the Chinese Stock Exchange. Consequentially the Ferrari title, which started from a value of 43 euros, has undergone a decline to below 42 euros. On the other hand, the FCA stock is reacting very well, trading above the initial value of 8,5 euros. But, as Marchionne himself recalled in the press conference, "it will take time for the two titles, Ferrari and FCA, to settle down".
