Ferrari Owner Exor’s Boss Is Telling Investors That His Company Still Loves Cars,
Even after years of active diversification, Exor NV, the holding company of Italy’s billionaire Agnelli family, told investors Thursday that it still loves cars. The company’s CEO, John Elkann, said in a statement that Exor remains “firmly convinced of the long-term value of our automotive investments.” He added that the company is “committed to supporting the growth and success of our automotive businesses.”
Exor’s Automotive Holdings
- Exor’s automotive holdings include Ferrari, Maserati, and Alfa Romeo.
- The company also has a stake in Stellantis, the world’s fourth-largest automaker.
- In recent years, Exor has been diversifying its portfolio, investing in sectors such as healthcare, technology, and real estate.
Why Exor Loves Cars
There are several reasons why Exor remains committed to its automotive investments. First, the automotive industry is a global industry with a long history of growth. Second, the industry is undergoing a period of rapid transformation, with the rise of electric vehicles and autonomous driving. Third, Exor believes that its automotive businesses have a strong competitive position.
Exor’s Future Plans
Exor plans to continue investing in its automotive businesses. The company is also looking for opportunities to expand its portfolio of automotive investments. In addition, Exor is committed to supporting the development of new technologies in the automotive industry.
Conclusion
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Exor’s continued commitment to its automotive investments is a sign of the company’s confidence in the future of the industry. The company’s diversified portfolio and its focus on innovation position it well for continued success in the years to come.
Priyanka