Mexican Media Brands
Ferrari Ponders €500 Million Bond Sale
Ferrari NV plans a €500 million bond sale pending “decent” market conditions, Chairman Sergio Marchionne tells Bloomberg Television.
#economics
Share
Ferrari NV plans a €500 million bond sale pending “decent” market conditions, Chairman Sergio Marchionne tells Bloomberg Television.
The supercar company, which was spun off in January from Fiat Chrysler Automobiles NV, has hired banks to meet with potential investors, sources tell Bloomberg. The sale would be Ferrari’s first entry into the bond market in decades.
Bloomberg notes that demand for corporate debt has revived sharply this month after a worldwide slump in February.
RELATED CONTENT
-
Report Forecasts Huge Economic Upside for Self-Driving EVs
Widespread adoption of autonomous electric vehicles could provide $800 billion in annual social and economic benefits in the U.S. by 2050, according to a new report.
-
Ford’s $42 Billion Cash Cow
F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data