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http://news.yahoo.com/fiat-chrysler-spin-off-sports-130712556.html;_ylt=A0LEV0KU7VBUCC0ALNlXNyoAFiat Chrysler Automobiles said Wednesday it will spin off sports car maker Ferrari into a separate company.Fiat Chrysler said on Wednesday it would spin off luxury carmaker Ferrari and list a 10 percent stake(IPO) on the market as it seeks to raise funding for its ambitious 48-billion euro ($61 billion) growth plan.
The world's seventh-largest carmaker said the board had mandated its management to complete the spin-off next year. It said the remaining 90 percent would be distributed among FCA shareholders - who include the Agnelli family which founded Fiat.
So now 4 Automakers will now have Shares on the NYSE(Ford,GM,Fiat-Chrysler,Ferrari), the question is how long will Ferrari be standalone before somebody makes an offer (like VW, or Tata to combine with Jaguar/Land Rover)?