FCA to spin off Maserati
Maserati and Alfa Romeo are two luxury car operations Fiat Chrysler may shed as it seeks to streamline its business, Bloomberg News reported, citing a combined worth for the two of as much as $8.3 billion. According to Bloomberg, sources close to Fiat Chrysler believe the company hopes to make itself more attractive for merging with a competitor.
Fiat Chrysler was not immediately available for comment. It's also considering separating from some of its parts business, Bloomberg said.