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Sergio Marchionne confirmed speculation that Ferrari NV will make its first sport utility vehicle model while tamping down rumors that Fiat Chrysler Automobiles NV may part ways with Jeep.
Ferrari is beyond just considering an SUV and will take about 30 months to decide on production, which will be limited to preserve exclusivity, Marchionne told reporters Monday at the New York Stock Exchange. The comments went a step further from when the CEO said during an August earnings call that an SUV would “probably happen.”
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