Ferrari Mailing List: Ferrari Stock for sale

[LarryT (L02turner]

I rec'd the below in a newsletter - maybe there's some highrollers out there?

:-)
LarryT

 

 

Milan, Italy -- Like other mega-automakers today, Fiat Chrysler Automobiles (FCA) conglomerate is focused on significantly expanding its worldwide sales. How serious are they? Serious enough about raising capital to sell 10 percent of Ferrari, of which FCA currently owns 90%. Incidentally, Ferrari value estimates are as high as $12 billion to $15 billion. But the plan doesn't stop there. Ferrari's new boss, Fiat Chief Executive Sergio Marchionne (who recently replaced longstanding Ferrari chairman Luca Cordero di Montezemolo) has reportedly floated the concept of likewise raising Ferrari's annual production ceiling from about 7000 units to somewhere closer to 10,000 units. Despite its low production compared to giant multinational car companies, Ferrari's influence is felt everywhere, as FCA stock reportedly took an 18% bounce after news of the upcoming IPO broke. With Ferrari shares expected to be formally valued in mid-year 2015, the drama can only build from here.