We’ve been hearing reports of Ferrari going public for quite some time now… well, stop listening. Chairman Luca Cordero di Montezemolo said yesterday that Ferrari has no plans to list the company for at least several years.

“There are no current plans (to list the company). Perhaps in three, four or five years. There is no project now. Maybe there never will be,” he said Montezemolo said.

It was reported last year that Fiat, which owns 85 percent of Ferrari, was considering a separate listing for the supercar maker.

- By: Omar Rana

Source: Reuters