Italian supercar maker will get listed next year as a separate company
Fiat Chrysler Automobiles said in a statement today it will separate Ferrari from the automotive umbrella and list it as a separate company.
Automotive News reports FCA will list a 10-percent stake in Ferrari, likely on an American stock exchange. The remaining 90-percent of Ferrari will go to the Agnelli family and other FCA shareholders.
“As we move forward to secure the 2014-2018 Business Plan and work toward maximizing the value of our businesses to our shareholders, it is proper that we pursue separate paths for FCA and Ferrari,” stated FCA CEO Sergio Marchionne.
The spin off is all part of FCA’s $61 billion USD growth plan that sees Alfa Romeo re-entering North America with a brand new lineup while other brands look to replace and redesign models before 2018.