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Fiat Chrysler has no plans to list any other brand besides Ferrari: CEO

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(Credit: Reuters) A logo is seen on a new Ferrari Berlinette car displayed on media day at the Paris Mondial de l'Automobile, September 28, 2012.Ferrari
April 16
6:59 PM 2015

Fiat Chrysler Automobiles (FCHA.MI) (FCAU.N) has no plans to list any other brand from its portfolio besides luxury unit Ferrari, FCA Chief Executive Sergio Marchionne told a shareholder meeting on Thursday.

The carmaker decided last year to spin off Ferrari, sell a 10 percent stake via a public offering and distribute the rest of FCA's stake in the luxury sports car brand to its shareholders as it seeks to unlock value at both FCA and Ferrari.

The decision had sparked speculation in the industry over whether the company might also consider listing other units, especially luxury brand Maserati or sporty Alfa Romeo.

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