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Fiat considering Ferrari stake sale

Fiat could sell shares in Ferrari to invest in Chrsyler, according to reports
Parent company Fiat has confirmed that it is considering selling a stake in Ferrari, which would include part of the F1 team.

Rumours emerged about a possible stake sale during the Paris Motor Show last week after newspaper reports suggested Fiat was keen to raise money to allow it to up its take in the American firm Chrysler.

Although Fiat chief executive Sergio Marchionne was quoted in Paris as saying that the company didn't need to a sell a stake in the famous Italian marque in order to move ahead with any plans it may have, he then revealed that letting some shares in Ferrari go to another party could be an option down the line.

"We would consider selling a part of Ferrari,” he told the New York Times, “but it's not in the cards now, and I have no project on my desk."

Ferrari president Luca di Montezemolo has also denied that Abu Dhabi-based comonay Mubadala could release some of its minor shareholding in the company, insisting that they remain a 'very important industrial partner'.



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richard

October 04, 2010 3:48 PM

dont get your hopes up rob. there are two important words here. "consider" and "some". maybe mclaren would buy a few shares and then they would have access to ALL the ferrari secrets!



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