Fiat-Chrysler cashes nearly 1 billion dollars from Ferrari listing

Rome (dpa) – The sale of 10 per cent of Ferrari shares on Wall Street has earned Fiat-Chrysler Automobiles (FCA) gross proceeds of 982.4 million dollars, the Italo-American carmaker said at the close of an initial public offering Monday. The announcement came two days before FCA, the world’s seventh-largest automotive group, is scheduled to announce its…