Ferrari stock sale pegged for October, or later
Sat, Jun 6 2015The outspoken exec is blaming tax reasons for the fourth-quarter date, according to a report from Reuters. Marchionne said a full year needed to pass between FCA's October 13, 2014 Wall Street debut and any additional listing.
This isn't the first delay in the Ferrari IPO. FCA was originally supposed to make a 10-percent offering of Ferrari during second or third quarter of 2015, before officially pushing things back to the third quarter of this year. Now, it's unclear if Ferrari will even go public before the dawn of 2016.
Related Video:
- News Source: Reuters
- Image Credit: Marco Vasini / AP
By Brandon Turkus
See also: Honda poised for growth, Detroit to hold steady, Car Wars study says, Honda poised for growth, Detroit to hold steady, Car Wars study says, Mopar updates owner apps to make car ownership easier.