Home Fiat Chrysler to spin off Ferrari, issue $2.5b convertible bond
 

Keywords :   


Fiat Chrysler to spin off Ferrari, issue $2.5b convertible bond

2014-10-30 08:13:41| Auto Dealers - Topix.net

Fiat Chrysler Automobiles said on Wednesday it will spin off its luxury sports car maker Ferrari and list the shares as part of a bigger scheme which includes a $2.5 billion convertible bond issue to help fund its ambitious business plan. The newly created FCA, which moved its primary share listing to New York earlier this month, wants to invest 48 billion euros over the next five years to turn Jeep, Maserati and Alfa Romeo into global brands and rival Volkswagen and BMW by strengthening its position in the fast-growing and high-margin market for premium cars.

Tags: issue bond spin ferrari

Category:Automotive

Latest from this category

All news

»
24.11 Beautiful World CD
24.11VIII
24.11PLUS MADHOUSE( ) 2
24.11KATO 10-1537 415
24.11125f-slim
24.11
24.11olend ona soft bag
24.1110ONKYO
More »