Ferrari's IPO has seen returns above projections since sales began Wednesday on the New York Stock Exchange under the ticker "RACE".Ferrari secured a $10 billion valuation on the first day of stock sales, priced at $52 a share, and since then the stock has traded in the $55 to $60...

ABOVE: Ferrari 488 GTB. Photo courtesy of Ferrari. Fiat Chrysler, Ferrari's parent company, has filed an initial public offering to list shares of the luxury sports car brand on the New York Stock Exchange. The sale is expected to begin in the fourth quarter of this year and will be...

Ferrari chairman Luca di Montezemolo ended days of speculation about his future by announcing on Wednesday that he is to step down from his role with the car company and Formula 1 team.Ahead of a Ferrari board meeting on Thursday that is expected to announce record profits, di Montezemolo issued...