Just nine days after announcing their ticker symbol, Ferrari (RACE) reached the trading floor of the New York Stock Exchange (NYSE), and ended its first full day as a public company with a bang.
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The Wall Street Journal's article reports that Marchionne hopes to ramp up production from 7,000 to as many as 9,000 cars per year by 2019, and there's the chance that pressure to grow from investors could push quality down in favor of quantity. That being said, Enzo Ferrari's son Piero will continue to retain a 10 percent ownership stake in the company, leaving many hoping he'll continue to steer the manufacturer in the right direction. Stay with us for more updates from the automotive industry, and find your own prancing horse from our exclusive listings below.Gallery
(Source: Ferrari, Wall Street Journal, NYSE)