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Fiat has owned part of Ferrari since 1969 when it bought a 50% stake in the carmaker. Fiat has been Chrysler's parent since right after Chrysler's bankruptcy and government bailout in 2009. Fiat officially took over Chrysler last year as the two companies merged into FCA. Â© 2017 Time Inc.
More like this. Fiat Group to sell Ferrari in 2015. FCA Group has made the decision to sell supercar maker, Ferrari, as part of long-term profit plan. Fiat Chrysler Automobiles (FCA) has announced shock plans to sell off supercar maker, Ferrari, in an attempt to generate revenue for its â¬48 billion (Â£38bn) turnaround plan. A total of 10 per cent of the company will be offered on the stock market, with the remaining 90 per cent going to existing FCA shareholders.