Fiat Chrysler Spinning Off Ferrari Group In 2015 To Dump Debt

Fiat Chrysler will be spinning off their Ferrari group in order to get rid of $894 million worth of debt burdening the company. In the deal laid out in an SEC filing, Ferrari will pay Fiat Chrysler $2.8 billion in return for the loss of approximately $2.1 billion in Ferrari revenues and Ferrari’s current debt […]