Shares in Ferrari opened at 43 euros in their Milan bourse debut on Monday as it completed its spin-off from parent Fiat Chrysler Automobiles, establishing the Agnelli family as its biggest investor.
FCA’s own shares fell 33% to trade at 8.6 euros after it parted ways with its most attractive asset, turning investor focus to its own high debt pile, product delays and a 5-year growth plan many analysts said was over-ambitious.
The material has been provided by InstaForex Company – www.instaforex.com