FCA files IPO for Ferrari on NYSE (2)

Fiat Chrysler says that carmaker's tax office stays in Italy

(ANSA) - Turin, July 23 - 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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