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Fiat has high hopes for Ferrari and a GM merger

Sergio Marchionne, the Italian-Canadian chief executive of Fiat Chrysler Automobiles, may be revving up for the flotation this week of its luxury Ferrari marque, but he also remains open to a possible merger with General Motors.

Reports over the summer stated that Fiat Chrysler had been aggressively pushing for the tie-up with the Detroit-based automaker. But, ratings agency Standard Poor's poured cold water on any possible deal in a new report last week.

It said that the possibility of a fully-fledged merger between two large automakers (naming GM and Fiat Chrysler) was "unlikely," adding that there were...