Mexican Media Brands
No Ferrari IPO Until at Least Mid-October
Tax issues have delayed plans for an initial public offering of shares in Fiat Chrysler Automobiles NV's Ferrari unit for another five months.
#economics
Share
Tax issues have delayed plans for an initial public offering of shares in Fiat Chrysler Automobiles NV's Ferrari unit for another five months.
FCA CEO Sergio Marchionne tells reporters that tax rules prohibit a new listing for Ferrari for at least one year after FCA itself became listed on the New York Stock Exchange on Oct. 13, 2014.
The company announced shortly thereafter a plan to list 10% of Ferrari as shares for public purchase and distribute 90% to FCA's own shareholders. The IPO had been expected to launch in the first half of 2015.
RELATED CONTENT
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.
-
On Global EV Sales, Lean and the Supply Chain & Dealing With Snow
The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future
-
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.