Fiat May Have To Sell Ferrari Stake To Finish Chrysler Deal

Fiat SpA may sell its auto-parts division Magneti Marelli SpA and a stake in sports-car maker Ferrari SpA before consolidating Chrysler Group LLC, Chief Executive Officer Sergio Marchionne told analysts.

“Marchionne identified a Ferrari initial public offering and Magneti Marelli disposal as potential sources of cash, without giving a timeframe,” Eric Hauser, a Credit Suisse analyst based in London, said in an interview, citing comments by the CEO at a Nov. 12 meeting with analysts in Turin, Italy.

2010 LA Auto Show Preview Photo Gallery

2011 Chrysler Group Photo Gallery

2010 SEMA Auto Show Photo Gallery

SEMA Auto Show Preview Photo Gallery

2011 Chevrolet Volt Photo Gallery

AutoSpies.com Photo Galleries

If you want to see your photos running on our homepage photo ticker, be sure to upload your photos on the go by sending them to Mobile@AutoSpies.com

Share on Facebook

Read Article

uaw_lax - 11/15/2010 3:21:14 PM

+3 Boost

Ferrari > Chrysler

kuvakas1 - 11/15/2010 3:48:25 PM

+2 Boost

VW! Paging VW! We have a message for VW!

Agent009 - 11/15/2010 3:57:02 PM

+1 Boost

If it goes up for sale and VW buys the brand, then two rumors automatically turn true.

They did indeed buy Ferrari
The are now in F1

0to60 - 11/15/2010 3:55:14 PM

+1 Boost

Everything > Chrysler

toyfan - 11/15/2010 5:37:32 PM

+1 Boost

Agreed! And considering I read this morning that they just bought back they stakes held by some other co (forgot the name), doesnt make sense at all!!!

100octane - 11/16/2010 5:32:58 AM

+2 Boost

Abu Dhabi/Mubadala is the name you're looking for. I guess offering a "complete" package makes the deal easier for Fiat. Ferrari is profitable yes, but they could earn a lot more with chrysler if they do it right.

mini22 - 11/15/2010 7:25:11 PM

+3 Boost

Ferrari is very prestigous for Fiat sportsbike80. However Chrysler properly developed is worth far more financially then an old prestigous marquee. Saying that I doubt that Fiat will sell ALL of Ferrari. They may keep controlling interest. Obviously Marchionne see the way forward by rehabilitating Chrysler.Potentially it has more growth then Fiat it self. In fact once Fiat owns a majority stake in Chrysler I predict that Chrysler will be supporting Fiat. Not the other way around.

MorePower - 11/15/2010 11:40:22 PM

+1 Boost

Won't happen. Unlike F1 which does not need Ferrari to succeed, Fiat & Italy needs Ferrari. Fiat will sell Ferrari to the Italian people via some municipal bond before Ferrari is handed to non-Italians, especially Americans & Brits.

pennfootball - 11/16/2010 10:46:24 AM

+1 Boost

I think Ford Should buy it! lol

Neverfollow - 11/16/2010 4:17:57 PM

+1 Boost

VAG will jump all over this if that rumor is true. They are probably secretly in talks now and have been for a while. Yes, several rumors will come true if they capitalise on this. I'm sure the checkbook is wide open as the Germans will not let this slip out of their hands if given the opportunity, even if they have to overpay.