Sergio Marchioone Takes Over As CEO Of Ferrari

Sports carmaker Ferrari NV says Sergio Marchionne has been named CEO, while retaining his position as chairman.

The move was announced Monday as Ferrari posted its best first-quarter earnings ever, a 19-percent increase in net profit to 78 million euros ($89.5 million). That compares with 65 million euros in the same period last year.

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PUGPROUD - 5/2/2016 6:29:23 PM

+1 Boost

The problem with this guy is he thinks he is the smartest guy in the room...every room he is in. He isn't. Mark Twain once said "Its not what you don't know that gets you in trouble. Its what you don't know but are 100% sure you do." That's Sergio.

Vette71 - 5/2/2016 7:38:58 PM

+3 Boost

Well said!!

jameswisrik - 5/3/2016 7:19:03 AM

0 Boost

There must not be that much smart and talented people in Italy! I hear he will also add PRIME MINSTER OF ITALY and husband to SOPHIA LOREAN to his list of jobs.

MDarringer - 5/2/2016 6:52:24 PM

0 Boost

This just in: Marchionne wants Ferrari to hug another sports car manufacturer citing the need for the industry to consolidate.

His running of FCA is bad news for Ferrari.

VW may be a steaming pile of idiotic poo, but they have done amazing things with Lamborghini.

jameswisrik - 5/3/2016 7:20:03 AM

0 Boost

YES...the first amazing thing is to sell it!