Fiat Chrysler to Spin Off Ferrari

[cosworth151]

Fiat Chrysler said today it would spin off Ferrari and list a 10 percent stake on the market as it seeks to raise funding for its ambitious $61 billion growth plan.

The carmaker said the board had mandated its management to complete the spin-off next year. It said the remaining 90 percent would be distributed among FCA shareholders -- who include the Agnelli family that founded Fiat.

Fiat Chrysler moved its primary listing to New York. Ferrari will probably be listed there, too.

I wonder what effect this will have on Ferrari's racing efforts, both in F1 & sports cars.

http://autoweek.com/article/car-news/fiat-chrysler-spin-ferrari-list-10-stake-marke

[Dare]

I have a feeling the resale price of Ferrari's is about
to drop

[Scott]

I wonder if this had more to do with Luca's departure. 

[Dare]

Kind of shoots the saying a rose by any other name
is still a rose

[Jericoke]

Now Hank the Deuce's family can fulfill his wish to own Ferrari!

[Scott]

Maybe Luca will buy it?