Ferrari Owner Exor’s Boss Is Telling Investors That His Company Still Loves Cars
- Chairman Elkann communicates in annual letter to shareholders
- Holding company has diversified away from auto business
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Exor NV, the holding company of Italy’s billionaire Agnelli family, told investors Thursday that even after years of active diversification, cars remain its first love.
Supercar maker Ferrari NV and Jeep maker Stellantis NV were again the largest contributors to Exor’s gross asset value last year — at nearly 60% — Exor Chief Executive Officer John Elkann said in his annual letter to shareholders.