Manufacturing Industry
FERRARI INTRODUCES NEW ENZO MODEL IN CFRP, PENDING OWNERSHIP CHANGE.
Advanced Materials & Composites News, July, 2002
In late June, Luca di Montezemolo, Ferrari's chairman and managing director, said innovation of Ferrari plants, higher sales and new models -- including the brand-new "Enzo" unveiled Friday -- were part of the strategy of the Italian company.
Also, Mediobanca announced on June 27 that it will buy the 34% stake from the troubled auto maker Fiat of Turin for 775.2 million euros (dlrs 767.4 million) to become the single global coordinator of Ferrari's announced public offering, tentatively scheduled for early 2003. Montezemolo said Fiat will keep at least 51 percent of Ferrari shares. The public offering engineered by Mediobanca is intended to raise cash for new investments and projects.
Montezemolo said the company hoped to double sales of its...
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