- Fiat Chrysler Automobiles (NYSE:FCAU) doesn't intend to sell off more than a 10% stake in Ferrari during the IPO of the brand, according to CEO Sergio Marchionne.
- It's a change in direction of comments made a month ago by the Fiat boss.
- Ferrari is expected to increase production after the IPO from its current level of 7K sports cars a year.
Ferrari IPO to be smaller than previously tipped
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| Symbol | Last Price | % Chg |
|---|---|---|
| STLA | - | - |
| Stellantis N.V. | ||