Fiat Chrysler Automobiles (FCAU) Reports Q3 EPS of EUR0.14

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UPDATE: Fiat Chrysler Automobiles (FCAU) Plans to Spin off Ferrari

October 29, 2014 8:52 AM EDT

(Updated - October 29, 2014 9:11 AM EDT)

(Updated - October 29, 2014 9:08 AM EDT)

Fiat Chrysler Automobiles (NYSE: FCAU) plans to spin off Ferrari, according to Bloomberg headlines.

UPDATE - The Financial Times noted that about 10 percent of Ferrari will be sold to the public, with the rest distributed to FCA shareholders.

FCA CEO Sergio Marchionne commented, 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... More