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Marchionne raises Fiat Chrysler stake as Ferrari spin-off nears

2015-02-26 18:31:25| Automakers - Topix.net

Fiat Chrysler Automobiles Chief Executive Sergio Marchionne has increased his voting stake in the carmaker to nearly 1 percent after benefiting from a stock grant plan, just as the company readies to spin off luxury brand Ferrari. The stake makes him one of the largest individual shareholders in FCA , the world's seventh-biggest carmaker, whose share price has soared 75 percent since the Ferrari spin-off was announced in October.

Tags: ferrari chrysler fiat raises

Category:Automotive

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