physics assignment for class 11.docx - ferrari in which...

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ferrari in which fiat owns a majority stake could be separately floated on the stock market in either 2006 or 2007. mr marchionne who only joined the company last year said fiat auto was now the principal focus of his attention. i have made the decision to take on the post of chief executive of the auto unit to speed up the company s recovery he said. a profound cultural transformation is underway following a management reorganisation that has delivered a more agile and efficient structure he added. although mr marchionne does not have a background in the car industry he has been playing an increasing role in the group s activities. last year he said that a series of new models launched as part of the group s recovery plan had not boosted revenues as much as hoped. the car business best known for its alfa romeo marque is expected to make a loss of about 800m euros in 2004. sales are expected to fall in 2005 fiat said this week as it exits unprofitable areas such as the rental car market. mr demel a car industry veteran

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