Marchionne says Ferrari IPO this year

(See related) (ANSA) - Turin, January 28 - The initial public offering (IPO) and spin-off of luxury automaker Ferrari should be completed this year, barring regulatory issues, Sergio Marchionne said Wednesday.
    "We plan to close the Ferrari IPO and the spin-off in 2015," Marchionne, chief executive officer of Fiat Chrysler Automobiles (FCA), said during a conference call after the release of 2014 earnings.
    He also defended plans to initially sell 10% of shares of Ferrari on capital markets.
    "I think that is the right figure, I don't feel that we need to change it," he said.
    Last November, Marchionne said the IPO would likely be conducted between the second and third financial quarters of 2015.
    The month before that, he said the Ferrari spin-off from FCA would start with the sale of a 10% stake.