Fiat buys back Ferrari stake
Today Fiat has bought back 28.7% of Ferrari that it had sold to Italian banks in 2002. During a cash crise in 2002, Fiat sold the stake, but now ts financial position is healthier.
With the new Grande Punto selling very well, and a lot of new non-car assets, the Fiat is starting to go pretty well. It owns now 85% of Ferrari ( including the 5% owned by a Dubai operation).