02-05-2016 17:25 via news.yahoo.com

Ferrari nudges up earnings view, Marchionne becomes CEO

Italian luxury carmaker Ferrari on Monday nudged up its full-year earnings forecast after a stronger-than expected first quarter, helped by higher shipments and better margins. Ferrari , spun off from Fiat Chrysler Automobiles at the start of the year, also said Chairman Sergio Marchionne would take over as chief executive as well, following Amedeo Felisa's decision to retire. The move, effectively immediately, had been expected, with sources close to the matter saying it would make little diffe
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