Fiat mulls Ferrari IPO to boost Chrysler stake-report

Newswire

MILAN, Sept 26 (Reuters) - Italian automaker Fiat is considering listing part of its sports car unit Ferrari to raise cash in order to increase its stake in U.S. carmaker Chrysler, Il Corriere della Sera said on Sunday. Fiat, which owns 20 percent of U.S.-based Chrysler, is expected to increase its holding to 35 percent once it meets restructuring goals. It has an option to grow to 51 percent. In a recent study Sanford C. Bernstein said it expected Fiat to raise its stake in Chrysler to ...

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