Fiat SpA confirms it will launch a public offering for its Ferrari SpA operation and slash jobs company-wide, as it looks to counter mounting losses. The Italian conglomerate says it will float a minority share of Ferrari later this year, a move it expects to attract E750 million ($682 million) in cash. Fiat is targeting a reduction in debt from E6.6 billion ($6.0 billion) today to E3 billion ($2.7 billion) by the end of 2002. An initial public offering of Ferrari has been rumored for ...

Premium Content (PAID Subscription Required)

"Printer-friendly" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
•Medium- andheavy-duty truck volumes
•Historical data and much more!

For pricing and subscription information please contact
LisaWilliamson by email: or phone: (248) 799-2642

Current subscribers, please login or CLICK for support information.

Already registered? here.