Ferrari may take road to a float

By THIS IS MONEY
Updated:

 

Italian motor giant Fiat is considering floating its prestige Ferrari sports cars business as a way of preventing staff being lured away by rivals. The company, 80%-owned by the Agnelli family, believes stock options for staff would encourage them to stay.

Ferrari chief Luca Cordero di Montezemolo recently expressed his frustration at 'headhunters swirling around Ferrari making offers for our best people', adding that he had already lost two. It is thought any flotation would have to wait until the firm has relaunched Maserati. Ferrari wants to boost Maserati volumes from 2,000 to 10,000 over the next four years - more than the record 4,000 Ferraris it sold last year.

It is thought the Agnellis may eventually sell their stakes in Fiat. They recently gave General Motors a 20% stake in Fiat in exchange for a 5.1% stake in General Motors.

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