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Wednesday, June 14, 2006

A new logo for Ferrari's F1 racer

At the United States Grand Prix
Eagle eyed Ferrari fanatics should spot an extra logo on the F1 team's single seater at Indianapolis next month.
At the city's fabled Motor Speedway for the 2006 US Grand Prix, the Italian squad led by Jean Todt is tipped to wear decals bearing the 'Case IH' name, according to Auto Express.

The predominantly American brand, whose corporate colours are grey and red, is Ferrari parent Fiat's tractor-making subsidiary.

Meanwhile, it is expected that Fiat, the Turin-based Italian carmaker, will buy back a considerable stake in Ferrari from Mediobanca in September of this year.

Fiat sold the 34 per cent stake to the investment bank in 2002, but Mediobanco then sold 5 per cent to Abu Dhabi's state-controlled 'Mubadala' company.

But Fiat president Luca di Montezemolo said: ''We want to recover the entire stake (but) we are still looking at how we're going to do it.''

The carmaker owns 56 per cent of Ferrari.


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