Photo: FCA
In case you haven't heard already, a part of Ferrari will be listed next year on the most important stock exchanges from the United States and Europe. FCA previously announced that 10 percent of Ferrari will be bought and sold freely, but before that something else will happen in Fiat-Chrysler wonderland.
That is Fiat-Chrysler Automobiles NV and the $2.8 billion (2.25 billion euros) the consortium expects to receive from its most valuable car brand next year. According to FCA, that money will be made from transactions as transfers of cash and distributions. But this is not the end of the Ferrari spinoff saga.
Fiat-Chrysler is cooking up various plans to raise capital and cut down on its 11.4 billion euros ($14,2 billion at current rates) debt. One of the most important capital-raising plans is the one that comes in the form of a convertible bond of $2.5 billion (2 billion euros).
During a recent Fiat 500X launch event, CEO Sergio Marchionne told the media that Fiat-Chrysler will send off 10 percent of Ferrari in equity securities between the second and the third quarter of 2015. Furthermore, ol' Sergio told that "the 500X represents a new phase of the group's development, connected with Chrysler."
Well, let's put it at this – without the newly-launched 500X, the Melfi plant in Italy may have bitten the dust sometime next year. To boot, even platform brother Jeep Renegade is made there. So basically, the FCA's future will be all about platform sharing between the Americans and Italians. Lastly, Marchionne is adamant the upcoming SUVs from Maserati and Alfa Romeo are to be launched in 2015. Let's wait and see...
Fiat-Chrysler is cooking up various plans to raise capital and cut down on its 11.4 billion euros ($14,2 billion at current rates) debt. One of the most important capital-raising plans is the one that comes in the form of a convertible bond of $2.5 billion (2 billion euros).
During a recent Fiat 500X launch event, CEO Sergio Marchionne told the media that Fiat-Chrysler will send off 10 percent of Ferrari in equity securities between the second and the third quarter of 2015. Furthermore, ol' Sergio told that "the 500X represents a new phase of the group's development, connected with Chrysler."
Well, let's put it at this – without the newly-launched 500X, the Melfi plant in Italy may have bitten the dust sometime next year. To boot, even platform brother Jeep Renegade is made there. So basically, the FCA's future will be all about platform sharing between the Americans and Italians. Lastly, Marchionne is adamant the upcoming SUVs from Maserati and Alfa Romeo are to be launched in 2015. Let's wait and see...
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