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It's arguably the world's most iconic luxury sports and racing car. And now for the first time in more than four decades, Ferrari is to become a fully independent company. Fiat Chrysler which currently owns 90% of Ferrari is giving up its stake. Our business reporter told me why.
Ferrari is worth, potentially worth a lot of money. It's a fantastic symbol of sports car heritage, if you like. But Fiat needs money at the moment. It has just completed the merger with the American car maker Chrysler. There's a lot of restructuring to be done, a lot of expansion to be done. So Fiat is investing 60 billion dollars in all of this. So it needs to make money in order to finance that investment. The reason for separating Ferrari out into an independent company is because if they do that, if Ferrari is no longer part of this big mass-market car maker with unpredictable profits and stands on its own, it's likely to be more attractive to investors. We'll make Ferrari into an independent company and then we'll sell 10% of the shares on the open market. But the remainder of the shares that Fiat currently owns will be distributed among its own share holders. And that means Italian interests will still continue to hold the bulk of what is Ferrari today. And that means that political problems about selling off the family silver simply don't apply.
Will there be a lot of demand for that 10% that they would sell off?
The signs are that there will be. And shares in Fiat Chrysler, as it's now known, were up substantially on the stock markets in Milan and New York today. And that is because people think that the value realized by selling Ferrari will be substantial. We can only guess. It's hard to say it's struggling. It's hard to say it's failing to find investors in fact.
Lena Dunham is 28 years old. She's been named as one of Time Magazine's 100 Most Influential People In The World. She is a writer, actress, director and creator of the very successful TV comedy series Girls. To add to all that, she's just written her first, an advice style collection of essays entitled Not That Kind of Girl.
My first intention with the book was to process some of the staff that I have experienced in my young life. But my sort of second intention was the idea that I was going to use some of these experiences as warnings to other young women or to try to normalize the challenges of being young and female at this time in history.
You have made your personal life through the very successful HBO series Girls.
詞匯解析
victim
難度：4星核心詞匯，屬常用3000詞
英漢解釋
n.受害者；受騙者；犧牲
參考例句
用作名詞 (n.)
She fell an easy victim to his temptation.
她經(jīng)不起他的誘惑，輕易地被騙了。
He was the victim of injustice.
他是不公平的犧牲者。
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automatic
難度：3星常用詞匯，屬常用6000詞
英漢解釋
adj.自動的；無意識的；必然的
n.自動裝置；半自動武器
參考例句
用作形容詞 (adj.)
This heating system has an automatic temperature control.
這個暖氣系統(tǒng)有自動化的溫度調節(jié)系統(tǒng)。
用作名詞 (n.)
Cranking-motor controls have varied from a simple foot-operated pedal to automatic devices that close the cranking-motor circuit when the accelerator pedal is depressed.
控制起動電機的方式已從一個簡單的腳踏板改為壓下加速踏板即可自動接通起動電機電路的自動裝置。
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progress
難度：3星常用詞匯，屬常用6000詞
英漢解釋
n.進步；發(fā)展；前進
v.進步；發(fā)展；緩速前進；促進
參考例句
用作名詞 (n.)
They made slow progress towards the mountaintop.
他們向山頂緩慢地前進。
用作動詞 (v.)
We are meeting again tomorrow to try and progress the matter.
我們打算明天再見面，試著推動這件事情的發(fā)展。
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solar
難度：4星核心詞匯，屬常用3000詞
英漢解釋
adj.太陽的；太陽能的
參考例句
用作形容詞 (adj.)
The sun is the center of our solar system.
太陽是太陽系的中心
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utilize
難度：3星常用詞匯，屬常用6000詞
英漢解釋
vt.利用或使用
參考例句
用作及物動詞 (vt.)
What criteria do you utilize in selecting employees?
在篩選雇員時你使用什么標準？
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emerge
難度：4星核心詞匯，屬常用3000詞
英漢解釋
vi.浮現(xiàn)；(由某種狀態(tài))脫出；(事實)顯現(xiàn)出來
參考例句
用作不及物動詞 (vi.)
A wonderful idea emerged in my mind.
我的腦海里浮現(xiàn)出一個極妙的想法。
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establish
難度：4星核心詞匯，屬常用3000詞
英漢解釋
v.建立；確立；創(chuàng)辦；安頓
參考例句
用作動詞 (v.)
The framework of a social security system was established by and large.
社會保障體系框架基本確立。
They established themselves in their new house.
他們在新居安頓了下來。
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