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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.
Here's Everything You Need To Know About Fiat Chrysler Spinning Off Ferrari. The ground shook slightly this morning when Fiat Chrysler Automobiles announced that it would spin off its most valuable brand: Ferrari. This move caps a wild run of weeks for the maker of exotic, bright-red sports cars and four-wheeled objects of desire.