Technology

‪‪Ferrari S.p.A.‬ To Sell Its Shares At New York Stock Exchange; Fiat Chrysler To Own 80 Percent Of Italian Luxury Car Maker

Ferrari S.p.A's parent company, Fiat Chrysler Automobiles, will be selling 10 percent of its shares to better compete with its rivals BMW and Volkswagen. Fiat Chrysler chairman also announced its intention to make Ferrari to be treated as a luxury-goods manufacturer instead of a regular car maker.