Inactive Instrument

Fiat Chrysler Automobiles N.V. Nyse

Equities

FCAU

NL0010877643

Fiat Chrysler Automobiles NV : Family owners of Ferrari say will not sell stake

February 18, 2015 at 10:34 am EST

MODENA, Italy (Reuters) - Piero Ferrari, son of the eponymous luxury sports car company's founder Enzo Ferrari, said on Wednesday he had no intention to sell the 10 percent stake his family owns in the company.

"I have never sold and I have no intention of doing so," Ferrari told journalists at an event.

Car maker Fiat Chrysler Automobiles plans to conclude the spin-off and initial public offering of Ferrari this year, subject to regulatory approvals, FCA Chief Executive Sergio Marchionne said last month.

Marchionne said in October he would spin off Ferrari from the group, sell a 10 percent stake via a public offering and distribute the rest of FCA's stake to its shareholders.

(Reporting by Elisa Anzolin; writing by Francesca Landini. editing by Danilo Masoni)

Latest news about Fiat Chrysler Automobiles N.V.

UAW hopeful of watershed union victory at Volkswagen Tennessee factory	Apr. 19	RE
Mib closes bullish; Terna takes top spot	Apr. 19	AN
Archer Aviation aims to start electric air taxi trials in India next year	Apr. 19	RE
Stellantis to recall over 38,000 vehicles, US regulator says (March 20)	Apr. 19	RE
GM and Ford count on gas-powered trucks as EV growth slows	Apr. 19	RE
UAW hopeful of watershed union victory at Volkswagen Tennessee factory	Apr. 19	RE
Indices down, on Mib oil at bottom	Apr. 19	AN
Milan black jersey; weighs geopolitical uncertainty	Apr. 19	AN
STELLANTIS : Goldman Sachs keeps its Buy rating	Apr. 19	ZD
Mercedes-Benz workers to vote on UAW membership in May	Apr. 18	RE
Europe's Forvia talking to more Chinese automakers looking to set up in Europe	Apr. 18	RE
Vestager defends EU merger rules, says competition creates strong companies	Apr. 18	RE
Stellantis, EU car sales drop in March	Apr. 18	AN
EU March Car Sales Recorded Biggest Drop in 16 Months	Apr. 18	DJ
Car sales in the EU fall in March	Apr. 18	DP
Early Easter causes EU new car sales to drop 5.2% in March, says ACEA	Apr. 18	RE
Stellantis to acquire stake in Argentina solar power firm in green energy push	Apr. 17	RE
Italy in talks with China's Dongfeng and others over auto plant, minister says	Apr. 17	RE
Volkswagen Tennessee plant workers vote on UAW membership	Apr. 17	RE
RBC Raises Price Target on Stellantis to EUR31 From EUR29, Keeps Outperform Rating	Apr. 17	MT
UAW seeks landmark win in third Tennessee VW plant vote	Apr. 17	RE
STELLANTIS : RBC reiterates its Buy rating	Apr. 17	ZD
Futures down; Powell confirms "hold" approach	Apr. 17	AN
China's BYD unveils three new models for its off-road Fangchengbao lineup	Apr. 16	RE
Stellantis Shareholders Approve 4.7 billion Euros Dividend Payout	Apr. 16	MT

Chart Fiat Chrysler Automobiles N.V.

Duration

Period

More charts

Company Profile

Stellantis N.V., formerly Fiat Chrysler Automobiles N.V., is an automaker and a mobility provider. The Company is engaged in designing, engineering, manufacturing, distributing and selling vehicles, components and production systems. The Company has operations in more than 40 countries and sells its vehicles directly or through distributors and dealers in more than 130 countries. It designs, engineers, manufactures, distributes and sells vehicles for the mass-market under the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia and Ram brands. In addition, the Company designs, engineers, manufactures, distributes and sells luxury vehicles under the Maserati brand. The Company's brand portfolio also includes Peugeot, Citroen, DS Automobiles, Opel and Vauxhall.

Sector

Calendar

2024-04-30 - Q1 2024 Sales and Revenue Release

Related indices

CAC 40 , EURO STOXX 50 , STOXX EUROPE 600 (EUR) , FTSE MIB INDEX

More about the company