Deals
Fiat Chrysler Says It Will Spin Off Ferrari Sports-Car Unit
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Fiat Chrysler Automobiles NV plans to spin off Ferrari, unfettering the luxury sports-car maker from its less-profitable parent.
FCA will sell 10 percent of Ferrari’s shares and give the rest of its 90 percent stake to its own shareholders, the company said today in a statement. The separation will be complete next year, and Ferrari shares will be listed in the U.S. and possibly also in Europe.