Mexican Media Brands
FCA to Complete Ferrari Spinoff in First Week of January
Fiat Chrysler Automobiles NV confirms it will distribute its 80% stake in Ferrari SpA to FCA shareholders during the first week of January.
#economics
Share
Fiat Chrysler Automobiles NV confirms it will distribute its 80% stake in Ferrari SpA to FCA shareholders during the first week of January.
FCA shares will begin trading without a Ferrari component on Jan. 4. The 10% stake in Ferrari sold by FCA in October will continue to trade on the New York Stock Exchange under the RACE ticker symbol. The distributed shares will do the same beginning Jan. 7.
The remaining 10% of Ferrari will be retained by Piero Ferrari, son of the founder. He has indicated he does not plan to sell any of his shares.
RELATED CONTENT
-
On Headlights, Tesla's Autopilot, VW's Electric Activities and More
Seeing better when driving at night, understanding the limits of “Autopilot,” Volkswagen’s electric activities, and more.
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.