Fiat Shares Fall by Third After Ferrari Spinoff – Wall Street Journal

Posted: Monday, January 04, 2016

Milan—Fiat Chrysler Automobiles NV opened a third lower on Monday as the Italian-American car manufacturer began trading without its former crown jewel, luxury sports-car maker Ferrari NV.

Fiat Chrysler distributed its 80% stake in Ferrari to shareholders on Sunday, ending 30 years of exclusive control over the maker of the iconic cars that on…

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