The newly established Fiat Chrysler Automobiles (FCA) has disclosed plans to spin off Ferrari in 2015.

The newly established Fiat Chrysler Automobiles (FCA) has disclosed plans to spin off Ferrari in 2015.

Earlier this month we heard Ferrari chairman Sergio Marchionne saying that he doesn't want to integrate Ferrari in FCA since "the mixing of their blood would be fatal for both" and now Fiat Chrysler Automobiles has announced they will spin off Ferrari. In other words, they are planning a separation of Ferrari from FCA through a public offering of FCA's interest in Ferrari shares representing ten percent while the rest of the shares will be distributed to FCA shareholders.

The transactions will be conducted next year and FCA is expecting these Ferrari shares will be listed in United States and Europe. The money obtained from selling these shares will go into FCA's massive $61 billion growth plan to use on future products. FCA chairman John Elkann declared "the separation of Ferrari will preserve the cherished Italian heritage and unique position of the Ferrari business and allow FCA shareholders to continue to benefit from the substantial value inherent in this business."

FCA CEO Sergio Marchionne mentioned in a statement that "as we move forward to secure the 2014-2018 Business Plan and work toward maximizing the value of our businesses to our shareholders, it is proper that we pursue separate paths for FCA and Ferrari."

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