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Tag: ferrari
Fiat Chrysler may sell more than 10% of Ferrari in New York IPO
2015-03-03 23:44:40| Automakers - Topix.net
GENEVA -- Fiat Chrysler Automobiles may sell a stake exceeding 10 percent when its Ferrari division holds an initial public offering this year, as more investors than expected seek a share of the supercar manufacturer. "The demand is much, much higher" than foreseen, CEO Sergio Marchionne told journalists Tuesday at the Geneva International Motor Show.
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.
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Family owners of Ferrari say will not sell stake
2015-02-18 17:23:30| Automakers - Topix.net
Piero Ferrari, son of the eponymous luxury sports car company's founder Enzo Ferrari, said on Wednesday he had no intention to sell the 10 percent stake his family owns in the company. Car maker Fiat Chrysler Automobiles plans to conclude the spin-off and initial public offering of Ferrari this year, subject to regulatory approvals, FCA Chief Executive Sergio Marchionne said last month.
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Can Ferrari really cut it in luxury beyond supercars?
2015-02-13 14:35:54| Automakers - Topix.net
Ferrari faces a battle to persuade investors that it should be priced as a high-flying luxury goods stock, given a carmaker's margins and the heavy investment required to make its prancing horse logo a big attraction on other exclusive lines. The emblem of Ferrari is pictured during a press presentation prior to the Essen Motor Show in Essen November 30, 2012.
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Marchionne says 'beauty contest' for Ferrari IPO is under way
2015-02-11 14:11:01| Automakers - Topix.net
Fiat Chrysler will choose the underwriters for the initial public offering by March or April, Marchionne said Tuesday in an interview in New York. "It won't be a difficult placement," Marchionne said.
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