rumors are abuzz at Marenello that Fiat CEO Sergio Machionne has just informed investors that the company plans to dispose part of Ferrari, probably due to the fact that they plan on buying up more of Chrysler.
There have been rumors going around that Volkswagen was considering buying part of the Italian sports car brand. this would in turn bring conflict of interest as VW's subsidury Audi ,owns Lamborghini, Ferrari's bitter rival.
“We left Turin with the clear message that Fiat and Chrysler will become one company,” Pearson said. “A Ferrari initial public offering and potential Marelli disposal may need to come first, according to management.”
Who would have thought that Ferrari would be sold off for a company to get Chrysler? Still, Fiat will likely keep at least 51% of the stake in Ferrari, an automaker that is worth around $3.3 billion. What is this world coming to?
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