Wednesday, October 29, 2014

Fiat Chrysler Automobiles To Spin Off Ferrari, Sell Shares In The Company

9:14 AM    No comments

Fiat Chrysler Automobiles [NYSE: FCAU] finally ended speculation that it plans to spin off Ferrari by announcing today that it will in fact make the famous sports car brand and racing team a separate unit. The automaker will also via Ferrari issue $2.5 billion in convertible bonds to help fund its expansion plans. As for the spin off, FCA said it...



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