Ferrari shares RACE ahead on Wall Street debut

1:15 pm U.S. ET | Oct. 21, 2015

Ferrari shares, trading under the ticker symbol RACE, jumped 15 percent to $60 on its Wall Street debut today after the Italian supercar maker priced its share offering at the top of the range amid heavy investor demand.... Read More »

Ferrari raises $893 million pricing IPO shares at top of range

Oct. 21, 2015 11:14 CET

Ferrari raised $893 million in its U.S. initial public offering, pricing the shares at the top end of the marketed range after strong investor demand. Parent Fiat Chrysler is selling a 9 percent stake in the brand and will distribute its remaining 80 percent stake to its own investors early next year.... Read More »

Ferrari faithful drive IPO stock price after $893 million raised

5:12 pm U.S. ET | Oct. 20, 2015

Ferrari priced its initial public offering at the top of expectations, raising $893 million, as drivers enamored with the luxury sports car maker snapped up its shares alongside institutional investors, defying a choppy market. Ferrari pulled out all the stops to market itself to some of its owners as well as Wall Street.... Read More »

Ferrari's shares won't come cheap or easily as expected IPO price rises

1:17 pm U.S. ET | Oct. 20, 2015

Demand could outstrip supply on Ferrari's initial public stock offering later today, and the shares may price at the top of an indicated range of $48-52 per share, people close to the matter said.... Read More »


No airs for billionaire Ferrari son

12:01 am U.S. ET | Oct. 19, 2015

Piero Ferrari inherited the stake his late father retained in Ferrari S.p.A. after Fiat bought half of the company nearly 50 years ago. He now owns 10 percent of Ferrari, enough to make him a billionaire as FCA begins the process of selling a near 10 percent stake in Ferrari to Wall Street investors.... Read More »

Ferrari-Maserati store inside Vegas casino folds

12:01 am U.S. ET | Oct. 19, 2015

The Ferrari-Maserati dealership inside the Wynn Las Vegas casino and hotel, which charges tourists and others $10 each just to look at the cars, closed Wednesday after 10 years in operation.... Read More »

Ferrari IPO oversubscribed ahead of New York listing, report says

12:23 pm U.S. ET | Oct. 16, 2015

Ferrari's initial public stock offering is oversubscribed throughout its price range as investor interest in the supercar maker outstrips the shares available, people familiar with the matter told Bloomberg.... Read More »


BLOG: FCA deal finally gives UAW an organizing carrot

2:15 pm U.S. ET | Oct. 12, 2015

A byproduct of the rich new deal that UAW workers demanded of Fiat Chrysler Automobiles -- and their own leaders -- is that the UAW finally has something worthwhile to sell to employees at nonunion U.S. transplants.... Read More »

Former Fiat N.A. chief Stoicevich leaves FCA

9:23 am U.S. ET | Oct. 12, 2015

The Fiat Chrysler executive who, until last week, was overseeing the struggling Fiat brand in North America, has resigned. Jason Stoicevich, 36, resigned Oct. 7, Automotive News has learned. An FCA spokesman confirmed the resignation, which had not been announced, this morning.... Read More »

Ferrari heir, steered away from racing, will end up a billionaire

Oct. 12, 2015 12:46 CET

Piero Ferrari grew up shielded from becoming a racing driver like his father Enzo, who founded the iconic sports car maker. Now Piero will end up a billionaire in an initial public offering of the automaker.... Read More »

Chehab: A Super Bowl MVP sidelined

12:01 am U.S. ET | Oct. 12, 2015

Saad Chehab walked away this month from his post as Maserati's head of marketing for personal reasons. But in the six years he spent with Chrysler and Fiat Chrysler Automobiles, after a stint at Ford Motor Co., the 48-year-old Lebanon native, working under Olivier Francois, left an indelible mark on FCA's marketing... Read More »

Fiat expects low-cost compact car family to mimic Dacia's success

Oct. 11, 2015 06:01 CET

Fiat expects to mimic the success of Renault's no-frills Dacia brand with its new compact car range based on the Aegea concept. The first car in the family will be the Tipo sedan.... Read More »

Ferrari to be valued at up to $9.82 billion in stock offering

7:01 pm U.S. ET | Oct. 9, 2015

Ferrari will be valued at as much as $9.82 billion in an initial public offering when owner Fiat Chrysler Automobiles sells a 9 percent stake in the Italian supercar manufacturer.... Read More »

Ferrari pushing for $12.4 billion valuation in stock offering, report says

4:11 pm U.S. ET | Oct. 8, 2015

Ferrari’s coveted status as a maker of cars for the super rich is helping push up its value in an initial public offering to as much as $12.4 billion, people familiar with the matter told Bloomberg.... Read More »

Maserati trims production as Ghibli boom fades

Oct. 7, 2015 18:27 CET

Maserati is cutting production as a boom that was fueled by the Ghibli fades.... Read More »

FCA, UAW back at table as strike threat looms

10:19 am U.S. ET | Oct. 7, 2015

As the threat of a strike hangs over them, negotiators from Fiat Chrysler and the UAW continued to meet today, a union spokesman said.... Read More »

UAW's Williams calls out outside agitators, says more info coming on FCA talks

10:59 am U.S. ET | Oct. 5, 2015

UAW President Dennis Williams issued a statement to his members regarding contract negotiations with Fiat Chrysler, taking to task outside groups seeking to “stir people up.”... Read More »

Fiat Chrysler management shuffle boosts Kuniskis, Manley

12:15 pm U.S. ET | Oct. 5, 2015

Fiat Chrysler has shuffled its North American upper management, giving more responsibility and brands to Dodge boss Tim Kuniskis and Jeep head Mike Manley. North American sales chief Reid Bigland also gets a larger role, taking over fleet sales.... Read More »

Fiat pins hopes to pope: Nope

12:01 am U.S. ET | Oct. 5, 2015

When Pope Francis climbed into the back seat of a black Fiat 500L on his first visit to the United States, interest in the diminutive, five-door family car appeared to surge. It's probably too early to know how much the sight of Francis in a Fiat will consecrate sales of the 500L in America, but results for September looked very humble.... Read More »

'Fiata' ready for its close-up

12:01 am U.S. ET | Oct. 5, 2015

An unmasked 2016 Fiat 124 Spider captured on a photo shoot in Southern California looks far more like its Mazda MX-5 Miata twin than the 124 Spider from back in the day.... Read More »

Maserati's global marketing chief Chehab resigns

5:00 pm U.S. ET | Oct. 4, 2015

Saad Chehab -- Maserati's global chief marketing officer and the creative force behind several of Fiat Chrysler's celebrated Super Bowl ads -- has resigned. Chehab, 48, resigned Sunday afternoon for personal reasons, according to a source familiar with the move.... Read More »

U.S. sales rise 16% on double-digit gains at Detroit 3, Nissan, Toyota, Honda

8:00 am U.S. ET | Oct. 1, 2015

U.S. light-vehicle sales, propelled by Labor Day promotions, fatter deals throughout the month, low gasoline prices and higher light-truck demand, rose 16 percent in September on double-digit gains at the Detroit 3, Toyota Motor, Nissan Group and Honda Motor. The seasonally adjusted annual sales rate surged to 18.17 million.... Read More »

UAW-FCA agreement fails with 65% rank-and-file rejection

12:15 pm U.S. ET | Oct. 1, 2015

The UAW will return to the bargaining table with Fiat Chrysler after its membership rejected a proposed agreement by 65 percent, according to a statement released today by the union.... Read More »

Jeep powers FCA US to 14% increase

12:00 pm U.S. ET | Oct. 1, 2015

Record Jeep sales pushed Fiat Chrysler sales up 14 percent last month as every brand but Chrysler recorded a gain.... Read More »

Ferrari IPO said to be on track to sell out

2:39 pm U.S. ET | Sept. 30, 2015

Ferrari's ability to sell racy sports cars at high prices has carried over to the company's initial public offering, even as investors unload other auto stocks in response to Volkswagen AG's diesel scandal.... Read More »

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