Shipping company bets big on FCA

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Italy’s Grimaldi Group, the world’s largest operator of oceangoing car and passenger ferries, is putting their money on Sergio Marchionne and Fiat Chrysler Automobiles. And they’re betting a big pile of chips. This month, Family-owned Grimaldi is expected to close orders for five new Ro-Ro (roll on-roll-off) ships that carry a total price tag of $300 million. “We have shortlisted some Chinese yards and the order will be finalized in March,” Emanuele Grimaldi told The Wall Street Journal. “The ships will carry 7,000 cars each on 13 decks and will move Fiat- and Chrysler-made cars from Europe to the U.S....  more (full story/sharing links)

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