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* USA & Italy - Ford and Fiat, remain family owned
All in the families: Ford and Fiat buck trends, remain family owned
Detroit,MICH,USA -The Detroit News, by Bryce G. Hoffman -April 11, 2013: -- The 100-year family friendship has flowered behind the scenes of the fiercely competitive global auto business... For many on Wall Street, family-run corporations are anachronisms that stand in the way of maximizing shareholder value. But two of the largest automakers in the world — Ford Motor Co. and Fiat SpA, which also owns a controlling stake in Chrysler Group LLC — remain firmly in the hands of the descendents of the men who founded them more than a century ago. And the chairmen of both companies say that is a good thing for workers and shareholders alike... Though Ford's stock is publicly traded, the Ford family retains controlling interest in the company through their exclusive ownership of its super-voting Class B shares. Fiat also is publicly traded but still controlled by the Agnelli family, albeit through a different mechanism...
Labels: carmakers news worldwide
posted by Unknown @ 5:50 AM
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