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David Rosenthal

๐Ÿ‘ค Speaker
38677 total appearances
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Appearances Over Time

Podcast Appearances

Acquired
Ferrari

But still nowhere near the heights that it would reach in the years to come.

Acquired
Ferrari

But that is Luca's legacy, that Delta.

Acquired
Ferrari

That is turning Ferrari into a real business there.

Acquired
Ferrari

So a billion dollars in cash proceeds from the equity sale in the IPO.

Acquired
Ferrari

Yeah, to go from 11 down to one.

Acquired
Ferrari

You know, it helps, but it's not a lot.

Acquired
Ferrari

Well, Sergio had another... This one is ridiculous.

Acquired
Ferrari

...financial engineering coup up his sleeve.

Acquired
Ferrari

As part of the spinoff of Ferrari and the whole transaction, they effectively transfer another $3.2 billion in Fiat Chrysler debt to Ferrari.

Acquired
Ferrari

Fiat Chrysler out of this transaction gets almost $4 billion in debt reduction.

Acquired
Ferrari

That'll make a real dent.

Acquired
Ferrari

You know, we're sort of telling the story from Luca's side here.