Ferrari Floated To Cut £4bn Debt
Not exactly Ford related but interesting still
If you can't afford a Ferrari, you could always buy a share in the firm! Following a disastrous year in which parent company Fiat's debts spiralled to more than £4billion, the Prancing Horse is gearing up to be floated on the Stock Exchange.
Even so, only a minority stake in Ferrari is likely to be offered to the public. Meanwhile, Fiat is under pressure to give in to a takeover bid from General Motors. The US giant bought a 20 per cent stake in 2000, and the pair have worked together on projects including the Epsilon platform used on the new Vauxhall Vectra. Fiat has an option, exercisable in 2004, to sell the remaining 80 per cent to GM.
Article from: Auto Express