Pursuits
Ferrari Spinoff Puts Focus on Marchionne's Fiat Chrysler Revamp
- Remaining 80% stake in supercar maker distributed to investors
- Ferrari started trading Monday in Milan following separation
Ferrari to Begin Trading Today in Milan
This article is for subscribers only.
Fiat Chrysler Automobiles NV Chief Executive Officer Sergio Marchionne is about to find out what it’s like to run the business without the fat profits from Ferrari supercars.
Fiat Chrysler on Sunday distributed its remaining 80 percent stake in the producer of the $324,000 Berlinetta coupe. Investors received one Ferrari share for every 10 Fiat Chrysler shares they owned. Ferrari NV, which started trading on Monday in Milan following its October listing on the New York Stock Exchange, is now independent and ranks as the most profitable stand-alone automaker, according to Evercore ISI.