Fiat looking to offload Ferrari shares to purchase more stake in Chrysler?

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.

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Jacob Alexander

Jacob Mathew Alexander has been a motoring nut for as far as he can remember and has recently turned his passion into writing. After spending some time in the same industry in the UK, Jacob's work is from a slightly different perspective.

 

Comments

  • FAReast on Sep 29, 2010 at 9:38 pm

    tony fernandes & naza group should buy the shares.
    then they dont need to use lotus name anymore,
    that is because they can use FERRARI name…
    hehehe…

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  • Tiadaid on Sep 29, 2010 at 10:00 pm

    I’m sure I’m going to be flamed, but I just have to say this, PROTON HERE’S YOUR CHANCE! BUY THOSE FERRARI SHARES!

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    • langit hitam on Sep 29, 2010 at 11:37 pm

      I’m sorry, but just like to ask.
      Where did Proton will get the money to purchase Ferrari stakes?
      From EPF again? Rakyat tax money, increase here and there?

      Just my two and half cents question.

      “Fabbrica Italiana Automobili Torino”

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      • Tiadaid on Sep 30, 2010 at 10:19 am

        Yes, take the rakyat’s money. At least investing in a winning company like Ferrari could bring many more returns, as opposed to giving the money to Malaysians who more often than not would splurge on inconsequential items that in the end would bring little or no return whatsoever.

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        • alldisc on Sep 30, 2010 at 4:28 pm

          sell lotus, buy ferrari perhaps? or retain lotus and buy ferrari. then make all ferraris with lotus handling. ha ha ha as if ferrari cannot tune handling of their own cars.

          just kidding.

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  • I think better like this:

    Sell Lotus + Topup $$$ = Buy stakes in Ferrari… Huhu..

    Future proton models got Ferrari F1 tech… Woooo…

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