Monday, January 4, 2016

FCA Completes Ferrari Spinoff

Bespoke Ferrari F12 BerlinettaFiat Chrysler Automobiles [NYSE:FCAU] in late 2014 announced plans for a Ferrari [NYSE:RACE] spinoff that led to the fabled Italian sports car brand being listed as a standalone company on the New York Stock Exchange last fall. The company is also listed on Milan’s Borsa Italiana. Only around 10 percent of Ferrari were actually floated, with...

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