Fiat CEO Says Company Could Take Back Ferrari Stake

Looks like Fiat may be putting some money into its prosciutto-bank, or is at least altering its corporate trajectory in an upward direction. In a speech yesterday, CEO Sergio Marchionne implied the car company could repurchase the 11.7 percent chunk of Ferrari it sold last year to Mediobanca, as part of a major debt restructuring and overall gasp for fidicuary air. Rumors that the company was planning to spin off the prancing horse in a public stock offering have died down of late, but we'd imagine that if such a plan were in place, Marchionne would want Fiat to get the spoils. Watch this space.

Related:
The Italians Are Coming! Fiat Announces Alfa Romeo's US Return [internal]