--
 
What does your car say about you?

The vehicle you drive could have a direct baring on your personality. Take a look...

What you should know about Turbodiesels

South African motorists were rather late to arrive at the performance/economy party that is the modern turbodiesel engine.

Ferrari considering buying into F1 - report

2017-02-03 12:51

FORMULA FERRARI: Ferrari is looking into buying shares in Formula 1. Image: AP / Uli Deck

Italy - Ferrari could be the first Formula 1 team to take up Liberty Media's offer of shares in the sport.

We have reported that despite Liberty's eagerness for the teams to take up to 20 per cent of the commercial rights, none have accepted the offer so far mainly because it would not include the power to vote.

F1 shares a possibility

But Ferrari president Sergio Marchionne is now quoted by the Italian media as revealing that the Maranello marque is "considering the opportunity to take shares" in F1.

Marchionne revealed: "We will discuss it with the new owners.”

READ: Liberty approves F1 acquisition plan

Marchionne said a major consideration in his deliberations will be the future of the sport beyond the current contracts that stretches to 2020.

He added: "It is not a financial issue. It would be unwise to invest without having clarity about what will happen after 2020 and what Ferrari could get from its investment in F1. Once we have this clarity, I think it will be much easier to decide if we want to participate in this venture."

But he does at least sound upbeat about the post-Bernie Ecclestone future.

Marchionne said: "I expect that the sport in general will do better, because Liberty and Chase Carey know the entertainment world and know very well how to make F1 even more popular. The Scuderia will do its part in this.”

NEXT ON WHEELS24X

LIVE: 2017 Monaco Grand Prix

2017-05-27 13:45
Read more on:    ferrari  |  sergio marchionne  |  italy  |  motorsport  |  racing  |  f1

Inside Wheels24

9 of the most memorable Monaco GP moments

It’s a race like no other, an insane high speed rush needling through 0.61km2 tightly-spaced premium property in the world. Wheels24 columnist Braam Peens reflects on 9 most memorable moments.

There are new stories on the homepage. Click here to see them.