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Chrysler to spin off Ferrari to fuel other brands’ growth

30/10/2014
Chrysler to spin off Ferrari to fuel other brands’ growth

Fiat Chrysler has announced that it will list Ferrari and use the money to fuel growth in Jeep, Maserati and Alfa Romeo. It plans to list a 10% stake in the US and possibly Europe next year. Ten percent of Ferrari is owned by Piero Ferrari, son of the founder Enzo, while the remaining 80% will be distributed to shareholders. "Today is a big...

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