Fiat Chrysler Approves Ferrari Spinoff – Wall Street Journal

Posted: Friday, December 04, 2015

Ferrari NV parent Fiat Chrysler Automobiles NV on Thursday approved the spinoff of its luxury sports car manufacturer, just as the shine comes off one of the one of the year’s hottest initial public offerings.

Indeed, Ferrari is hitting some speed bumps as it prepares for its future as an independent company starting in January. Its shares trade about 10% below their October IPO price and there are lingering questions about the…

Comments

Write a Reply or Comment:

Your email address will not be published.*