Luca di Montezemolo

Yes.

Not opposed to any of those things, just the way that you and I aren't opposed to doing things with Acquired, but we don't want to be...

locked in and committed.

You want some organicness to how you run the business.

You want the products to be these living, breathing things.

You want to be able to rapidly change your mind in the face of new market conditions.

Now, interestingly, at first, yes, they're publicly traded, but don't they only float 10% of fiat's 90%?

Yeah.

Whereas on the other side, Sergio is kind of exactly the guy you would want to manage the street, to look for all the ways that the Ferrari business is, quote unquote, unoptimized, to realize the full value of the asset.

He's like the sort of leader that investors salivate over.

And so for Bernie to be this cordial.

So 2015, Ferrari publicly traded worth $10 billion.

That is up from the $192 million figure that we had talked about back in 1988.

That contributes to the total 10 billion that you need to reduce your debt by.

The interesting thing is it was perfectly fine to do this because Ferrari turns into a great, great business that is perfectly capable of paying down all that debt that was just transferred to them.

Right.

It helped Fiat Chrysler become a real going concern, successful company, one that exists today.

And Ferrari is a great little engine to pay down debt.

Yeah.

It is interesting.