1989 Ferrari Mondial T Cabriolet Metallic Black On Red 5 Speed Extensive Records on 2040-cars
Santa Clara, California, United States
Vehicle Title:Clear
Fuel Type:Gasoline
For Sale By:Dealer
Transmission:Manual
Year: 1989
Make: Ferrari
Warranty: Vehicle does NOT have an existing warranty
Model: Mondial
Mileage: 26,691
Options: Leather
Sub Model: T Cabriolet
Power Options: Air Conditioning, Power Door Locks, Power Windows
Exterior Color: Black
Interior Color: Red
Number of Cylinders: 8
Doors: 2
Engine Description: 3.4L V8 FI SOHC
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Stellantis not looking for further mergers, including with Renault
Mon, Feb 5 2024MILAN — Stellantis Chairman John Elkann on Monday denied the carmaker was hatching merger plans, responding to press speculation about a possible French-led tie-up with rival Renault. Elkann said that the Peugeot owner, the world's third largest carmaker by sales, was focused on the execution of its long-term business plan. "There is no plan under consideration regarding merger operations with other manufacturers," said Elkann, who also heads Exor, the Agnelli family holding company that is the largest single shareholder in Stellantis. After abandoning the Russian market, at the time its second largest after France, and reducing the scope of its global cooperation with Nissan, Renault has been seen as a potential M&A target. Speculation intensified after an electric vehicle market slowdown forced it last week to cancel IPO plans for its EV and software unit Ampere. Its market cap remains stubbornly low at little over 10 billion euros ($10.8 billion) despite a financial recovery over the past few years. Stellantis, the product of a 2021 merger between France's PSA and Fiat Chrysler and one of the most profitable groups in the industry, has a market cap of more than 85 billion euros when unlisted shares are factored in. It has a 14 brand portfolio also including Citroen, Jeep, Opel and Alfa Romeo. NEWSPAPER REPORT Italian daily Il Messaggero had said on Sunday that the French government, which is Renault's largest shareholder and also has a stake in Stellantis, was studying plans for a merger between the two groups. A spokeswoman for Renault said on Monday the group did not comment on rumors. France's Finance Ministry had declined to comment on Sunday. Stellantis has crossed swords with the Italian government, which has accused it of acting against the national interest on occasions. Industry Minister Adolfo Urso last week raised the prospect of the Italian government taking a stake in Stellantis to help to balance the French influence. Renault shares pared gains after Elkann's comments to stand 1.2% higher by 1220 GMT, having initially risen more than 4%. Stellantis CEO Carlos Tavares, a Portuguese-national, last week said in an interview with Bloomberg that the group was "ready for any kind of consolidation" and that its job was to make sure that it would be "one of the winners". Analysts, however, question the rationale of a Stellantis-Renault merger, which would also expand the group's excess capacity in Europe.
Ex-Ferrari chairman sounds off on IPO
Sat, Aug 1 2015Former Ferrari chairman Luca di Montezemolo preferred to put exclusivity over profits when he ran the company, and the lower volume still meant huge amounts of cash for the business. FCA CEO Sergio Marchionne has since taken over Ferrari, but that hasn't stopped di Montezemolo from voicing his opinions. "I hope that the clients will remain more important than the analyst or the investor or the financial markets," di Montezemolo said prior to his induction into the Automotive Hall of Fame in Detroit, the Detroit Free Press reported. The former chairman argued that once on the stock exchange, a company would need to maximize profits quarter after quarter to keep investors happy. Conversely, di Montezemolo said Ferrari's years of success came from an "exclusivity in terms of number of cars, exclusivity in terms of how you deal with the clients." When di Montezemolo left Ferrari last year, he and Marchionne were scuffling about the future of the brand, including the health of the Formula 1 program. With the change in leadership, the company has reversed course in some ways. Where volume was previously kept around 7,000 units annually, the carmaker has set a new goal of closer to 10,000. The paperwork was filed for the IPO, and Marchionne thinks the company could be worth over $11 billion. The actual shares are rumored to go on sale in October. Related Video:
Ferrari builds one-off hybrid F12 TRS roadster
Mon, 16 Jun 2014When Ferrari makes an open-top version of one of its V12 super-GTs, it typically comes in particularly low production numbers. Maranello only made 448 examples of the 550 Barchetta Pininfarina, 559 of the 575 Superamerica and 599 units of the 599 SA Aperta. What we have here, however, is not just the first F12 roadster we've seen yet, but also the most exclusive.
Called the F12 TRS, it's obviously based on the F12 Berlinetta, but with some key modifications. Not the least of which is the open-top body-style (which may or may not have a folding roof mechanism of some kind), coupled with some unique bodywork like a cowled rear deck and reshaped hood. But the TRS (which we can only assume is some tribute to the 250 Testa Rossa) is also said to pack an F1-derived KERS hybrid assist, presumably similar to the one in the LaFerrari - or more poignantly, in the 599 HY-KERS concept - to give the 6.3-liter V12 even more juice than the prodigious 730 horsepower it produces in stock Berlinetta form.
The vehicle, apparently spotted in the garage at the company's Fiorano test track, appears to be a one-off built by Ferrari's Special Projects division for one discerning and evidently very wealthy customer who is said to have paid $4.2 million for the privilege.
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