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I want my baby back! Fiat to repurchase Ferrari shares

Fiat is increasing its stake in Ferrari, buying back the shares it sold to Italian investment bank Mediobanca during Fiat's financial troubles in 2002. The Turin-based auto conglomerate is the undisputed Don of the Italian car business, controlling Ferrari, Maserati, Alfa Romeo, Lancia, Iveco and Magneti Marelli (to name a few), and will exercise its option to buy back the 29% currently held by Mediobanca by the end of September. Together with the 56% it currently holds, this will bring Fiat's stake in Ferrari up to 85 to Mubadala Development ... Read more →

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Autoblog Podcast #155: 'Twas the night before LA...

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