To boot, Sergio orchestrated FCA to launch a $2.5 billion convertible bond and a share sale last Friday, in order to cut the Italo-American automotive conglomerate’s debts. Ferrari will also be spun off, with 10 percent of its stock to be listed on the market.
Nevertheless, Sergio played his cards well...Since late October, when FCA’s numero uno announced his plans to the media, shares of the group hiked over 40 percent in value because investors are attracted by the prospect of buying Ferrari S.p.A. shares.
Many changes are happening at Fiat-Chrysler Automobiles NV at the present moment and by the way, the consortium is adamant the rebranding is effective immediately.
A statement reads that “the name change to FCA US LLC does not affect the company’s headquarters location in Auburn Hills, Michigan, its holdings, management team, board or brands.”
Whatever the future holds for the company, we sure hope the 2015 Dodge Challenger SRT Hellcat and 2015 Charger SRT Hellcat weren’t just some muscles flexing just for the proverbial 15 minutes of fame.
If FCA is able to develop and make vehicles like those two in the future as well, then my hat’s off to them.