Reports from an Italian publication have come in stating that Fiat is considering selling-off a partial stake in Ferrari to raise funds for a takeover of fledgling Chrysler. Fiat has a 20 percent stake in the US automaker, while it owns 85 percent of the Ferrari brand. Fiats are supposedly ready to sell quite a sum of its shares, as long as it retains a 51 percent majority balance of the shares.
Fiat already have plans to increase that 20 percent to 35, but money from Ferrari would allow the Italian automaker to purchase a controlling stake of 51 percent from Chrysler. Industry analysts state that Fiat plan to do this sometime in 2011 or 2012.
Fiat has denied all of these reports so at this point it’s all speculation. It also contradicts with a previous statement by Fiat CEO Sergio Marchionne that they are planning to take their share in Ferrari up to 90 percent.