Fiat Could Sell Part Of Stake In Ferrari
Chrysler’s new owners, Fiat, might not be the most exciting car company in the world for most Americans. However, many don’t know that Fiat owns an 85 percent share of the most iconic exotic sports-car maker in the world, Ferrari.
If these new rumors coming from Il Corriere della Sera are true, Fiat might sell some of its share in Ferrari. Fiat CEO Sergio Marchionne has just cast a huge vote of confidence in Chrysler, as he looks to sell part of Ferrari to get a large stake in the American automaker. Currently, Fiat owns 20 percent of Chrysler, and Marchionne is looking to up that to around 35 percent.
Fiat won’t sell all of Ferrari, but they will drop their stake down to 51 percent. That percentage is worth around $3.1 billion. We doubt that this drop in stake will affect Ferrari’s current lineup, but we will wait and see the effects on their future models.