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Extremely Expensive

Ferrari to pay Fiat Chrysler $2.8 billion in spin-off

November 14, 2014

By News Team

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Fiat Chrysler said today it expects to receive a payment of $2.8 billion from Ferrari as it spins the luxury brand off into a separate company. That payment will help Fiat Chrysler pay down some of its debt and could be used to fund Fiat Chrysler CEO Sergio Marchionne's aggressive…

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