Ferrari to be sold off from FCA

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The recently merged Fiat Chrysler Automobiles empire has ambitious plans for growth, and it's going to need some big bucks in its coffers in order to enact them. Part of that cash injection is coming from the floating of its IPO on the New York Stock Exchange, but now FCA has announced a further capital campaign to be based on the enormous asset that is Ferrari.

FCA's board of directors has just approved the separation of Ferrari from the rest of the group as a separate entity. Once that separation is complete, Ferrari will put 10 percent of its shares on the stock market "in the United States and possibly a European exchange" as well.

This isn't the first time that the idea of a Ferrari IPO has been raised. Sergio Marchionne, chief executive ofChrysler, Fiat and Ferrari (pictured above), first raised the idea four years ago. Former Ferrari chairman Luca di Montezemolonixed the idea, but now that he's been discharged, it appears there's nothing to get in the way of Marchionne's desires.

The remaining 90-percent stake in Ferrari will be distributed among FCA's existing shareholders, of which the largest (at over 30 percent) is the Agnelli family's Exor investment company headed by Fiat chairman John Elkann.

http://www.autoblog.com/2014/10/29/fiat-chrysler-spinning-off-ferrari/
 
Wow. I did not see that coming, huge news.
 
I never thought I'd say this but ...

BRING BACK DI MONTEZEMOLO!

:crazy:

On a more rational note ... if the Agnellis own 30% of Ferrari and Piero Ferrari owns 10%, with 10% scattered in the open market maybe, just maybe, the car salesmen from FCA will need some reasoning with shareholders before they push Ferrari down from what it is now.

(And this has been posted by someone that will probably never be able to buy a Ferrari, and doesn't care that such cars will remain for him an object to look at and desire.)
 
At one point I was going to buy a Chrysler, but then I montezemolonixed that idea too.
Once FCA gets rid of Ferrari, Chrysler will be the most profitable thing in their portfolio. Hasn't Fiat been losing its ass lately?
 

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