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  #13  
Old 02-11-2011, 03:35 PM
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Re: CEO Quoted - 7 or 8 Speed Transmission in the 2012 WK2?

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Originally Posted by 2011RitterGC View Post
I will take that one! Fiat does own part of Ferrari.
Fiat pretty much owns Ferrari outright. The racing division operates under a different legal entity but if it weren't for Fiat's money that would collapse under it's own weight.
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  #14  
Old 02-11-2011, 03:43 PM
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Re: CEO Quoted - 7 or 8 Speed Transmission in the 2012 WK2?

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Originally Posted by mjw930 View Post
Fiat pretty much owns Ferrari outright. The racing division operates under a different legal entity but if it weren't for Fiat's money that would collapse under it's own weight.

90%
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  #15  
Old 02-11-2011, 03:52 PM
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Re: CEO Quoted - 7 or 8 Speed Transmission in the 2012 WK2?

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Originally Posted by mjw930 View Post
Fiat pretty much owns Ferrari outright. The racing division operates under a different legal entity but if it weren't for Fiat's money that would collapse under it's own weight.
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Originally Posted by 2011RitterGC View Post
90%
I guess neither of us were exactly correct

According to a report in the Italian newspaper Corriere Della Sera, Fiat is considering selling-off a partial stake in its Ferrari unit in order to finance a take-over of Chrysler. Fiat currently owns 20 percent of the U.S. automaker.
Fiat also now owns 85 percent of Ferrari and, according to the report, will keep a controlling stake, 51 percent, even if it does go ahead and sell-off a share of the luxury Italian brand.
Fiat already has plans to raise its stake in Chrysler to 35 percent but the Italian automaker may need more cash if it is to exercise an option to take a 51 percent controlling share of the Detroit automaker. According to industry analyst Sanford C. Bernstein, Fiat is expected to take its share of Chrysler up to 51 percent by 2011 or 2012.
A spokesperson for Fiat has denied the report and earlier this month Fiat CEO Sergio Marchionne, who also serves as Chrysler's CEO, said that Fiat wanted to bring its share of Ferrari up to around 90 percent. Mubadala, an Abu Dhabi-based investment group, owns 5 percent of Ferrari but Marchionne also said he doesn't want to lose the group as an investor.
Source: Reuters
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  #16  
Old 02-11-2011, 03:54 PM
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Re: CEO Quoted - 7 or 8 Speed Transmission in the 2012 WK2?

Regardless the ownership, a Ferrari engined WK2 would be something high on my list desired vehicles having owned a Porsche Cayenne Turbo.......
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  #17  
Old 02-11-2011, 04:15 PM
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Re: CEO Quoted - 7 or 8 Speed Transmission in the 2012 WK2?

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Originally Posted by mjw930 View Post
I guess neither of us were exactly correct

According to a report in the Italian newspaper Corriere Della Sera, Fiat is considering selling-off a partial stake in its Ferrari unit in order to finance a take-over of Chrysler. Fiat currently owns 20 percent of the U.S. automaker.
Fiat also now owns 85 percent of Ferrari and, according to the report, will keep a controlling stake, 51 percent, even if it does go ahead and sell-off a share of the luxury Italian brand.
Fiat already has plans to raise its stake in Chrysler to 35 percent but the Italian automaker may need more cash if it is to exercise an option to take a 51 percent controlling share of the Detroit automaker. According to industry analyst Sanford C. Bernstein, Fiat is expected to take its share of Chrysler up to 51 percent by 2011 or 2012.
A spokesperson for Fiat has denied the report and earlier this month Fiat CEO Sergio Marchionne, who also serves as Chrysler's CEO, said that Fiat wanted to bring its share of Ferrari up to around 90 percent. Mubadala, an Abu Dhabi-based investment group, owns 5 percent of Ferrari but Marchionne also said he doesn't want to lose the group as an investor.
Source: Reuters
I got my info from Automobile Mag.

"Morgan Stanley values Fiat Auto, which manufactures more than two million cars each year and makes about an $800 million profit, at $3.9 billion. It values Ferrari, which is 90 percent owned by Fiat and makes more than 6000 cars each year"

and

"Those numbers aren't just academic. Fiat is seriously considering a Ferrari IPO to raise the cash to take control of Chrysler"
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Old 02-11-2011, 05:19 PM
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Re: CEO Quoted - 7 or 8 Speed Transmission in the 2012 WK2?

2014 is the perfect year to trade in the 2011... 2013 will be the year that everybody's 8 speed trannys get recalled.
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Old 02-11-2011, 05:34 PM
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Re: CEO Quoted - 7 or 8 Speed Transmission in the 2012 WK2?

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Trying to divine which transmission will go into the 2012 GC has been like Ray Charles trying to find a toothpick on a Manhattan sidewalk in a thick fog.



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2013 model year for the WK 8-spd. No 7-spd in the works. 9-sp for FWD models coming after that.

Ahh, much easier to just stay tuned to channel "JG".
With the Milous Channel Selector.
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Old 02-11-2011, 05:43 PM
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Re: CEO Quoted - 7 or 8 Speed Transmission in the 2012 WK2?

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Originally Posted by Jpjr View Post
2014 is the perfect year to trade in the 2011... 2013 will be the year that everybody's 8 speed trannys get recalled.
That ZF unit is solid -- proven and robust. It won't be recalled unless Chrysler has a production issue at its plant.
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Old 02-11-2011, 05:44 PM
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Re: CEO Quoted - 7 or 8 Speed Transmission in the 2012 WK2?

I don't find the lack of the ZF unit to be a deal breaker. Its an excellent transmission but the current 5 has come a long way and is pretty well mated to the 5.7, and they've managed to tune most of the rough shifting out of it that I found to be a dealer breaker in WK models, as well as the 300C.
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