Fiat Chrysler to Make Public Offer for 10% of Ferrari

Fiat Chrysler plans to spin off its luxury Ferrari unit, initially selling a 10% stake in a public offering and distributing the remaining shares to Fiat Chrysler shareholders. CEO Sergio Marchione has been rapidly executing this plan, including the recent IPO of FCA on the New York Stock Exchange. The news has positively impacted Fiat Chrysler's stock performance in Milan.

What is the initial plan for Ferrari's shares as announced by Fiat Chrysler?

• Sell a 10% stake in a public offering

• Merge with another luxury car brand

• Retain all shares within Fiat Chrysler

• Sell the entire company to a private investor

How will the remaining Ferrari shares be handled after the initial public offering?

• They will be donated to a charity

• They will be distributed to Fiat Chrysler shareholders

• They will be sold to a competitor

• They will be retained by Fiat Chrysler

Who was let go from Ferrari as part of the strategic changes?

• The CEO of Fiat Chrysler

• The chairman of Ferrari, Luca di Montezemolo

• The head of marketing at Ferrari

• The chief financial officer of Fiat Chrysler

What significant event took place two weeks after the chairman's departure?

• Fiat Chrysler merged with another company

• Ferrari was sold to a private equity firm

• Fiat Chrysler IPO on the New York Stock Exchange

• Ferrari launched a new car model

How did the market react to the news of the Ferrari spin-off?

• Fiat Chrysler shares in Milan decreased by 3%

• Fiat Chrysler shares in Milan dropped by 6%

• Fiat Chrysler shares in Milan remained unchanged

• Fiat Chrysler shares in Milan increased by over 6%