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Ferrari's value to exceed $11 billion in IPO, Marchionne says

2015-07-04 09:34:04| Automakers - Topix.net

Maximizing the value of Ferrari through an IPO is crucial to funding a 48 billion-euro investment plan aimed at lifting Fiat Chrysler's global deliveries to 7 million cars by 2018. Photo credit: BLOOMBERG -- Sergio Marchionne, CEO of Fiat Chrysler Automobiles NV, expects the company's Ferrari supercar unit to be valued "at least" at $11 billion in an initial public offering scheduled this year.

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Category:Automotive

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