Fiat Chrysler’s stock surges on report of Maserati spinoff, following successful Ferrari separation

Shares of Fiat Chrysler jumped more than 5 percent Wednesday after a report said the Italian-American automaker is considering spinning off some of its upscale brands.

The company may spin off Maserati and Alfa Romeo as Fiat Chrysler seeks to streamline its business, Bloomberg News reported, citing sources close to the parent company. It said the two luxury brands have an estimated combined worth of as much as $8.3 billion. Read more.

Author: Dean Crutchfield

Builds Brands and Fixes Them When Broken