Posted on 10/29/2014 7:42:34 PM PDT by Olog-hai
Fiat Chrysler Automobiles announced Wednesday it will spin off sports car maker Ferrari into a separate company, a move to unlock the luxury brand’s value and distinguish it from its mass-market parent.
The spinoff aims to raise money to support the newly-merged carmaker’s plans to invest €48 billion ($61 billion) over five years to compete with global giants Toyota and Volkswagen. Shares in Fiat Chrysler soared on the news.
“I think we are doing the right thing by giving Ferrari a proper, unique place in the capital markets to be evaluated and valued as a luxury automaker,” Marchionne told an analyst conference call. …
(Excerpt) Read more at hosted.ap.org ...
Now is the time buy it, Enzo is not their to nix the deal about the Racing Team.
I wonder how many people know the story of which I just mentioned and how it evolved into the Leman's effort with Shelby American...
Actually given Ford's jump into Aluminum Structures, EcoBoost Techologies, Hybrids and 4wd's, the Synergies for bi-lateral technological transfers for mutual benefit are real IMHO, as well as having Ferrari as a "Halo" brand within a Lincoln Dealership might really draw some traffic to say the least....
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