Fiat Chrysler Automobiles said
Thursday it has filed its Ferrari unit's initial public offering
(IPO) on the New York Stock Exchange, including submitting
documents to the Securities and Exchange Commission (SEC) in the
US. FCA, which has long said it intends to sell some shares in
the luxury carmaker, said in a statement that the tax office for
Ferrari SpA will remain in Italy. The plan is part of chief
executive Sergio Marchionne's plan to raise money to reduce debt
and fund new investments.
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