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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.
词汇解析
victim
难度:4星核心词汇,属常用3000词
英汉解释
n.受害者;受骗者;牺牲
参考例句
用作名词 (n.)
She fell an easy victim to his temptation.
她经不起他的诱惑,轻易地被骗了。
He was the victim of injustice.
他是不公平的牺牲者。
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automatic
难度:3星常用词汇,属常用6000词
英汉解释
adj.自动的;无意识的;必然的
n.自动装置;半自动武器
参考例句
用作形容词 (adj.)
This heating system has an automatic temperature control.
这个暖气系统有自动化的温度调节系统。
用作名词 (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.
控制起动电机的方式已从一个简单的脚踏板改为压下加速踏板即可自动接通起动电机电路的自动装置。
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progress
难度:3星常用词汇,属常用6000词
英汉解释
n.进步;发展;前进
v.进步;发展;缓速前进;促进
参考例句
用作名词 (n.)
They made slow progress towards the mountaintop.
他们向山顶缓慢地前进。
用作动词 (v.)
We are meeting again tomorrow to try and progress the matter.
我们打算明天再见面,试着推动这件事情的发展。
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solar
难度:4星核心词汇,属常用3000词
英汉解释
adj.太阳的;太阳能的
参考例句
用作形容词 (adj.)
The sun is the center of our solar system.
太阳是太阳系的中心
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utilize
难度:3星常用词汇,属常用6000词
英汉解释
vt.利用或使用
参考例句
用作及物动词 (vt.)
What criteria do you utilize in selecting employees?
在筛选雇员时你使用什么标准?
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emerge
难度:4星核心词汇,属常用3000词
英汉解释
vi.浮现;(由某种状态)脱出;(事实)显现出来
参考例句
用作不及物动词 (vi.)
A wonderful idea emerged in my mind.
我的脑海里浮现出一个极妙的想法。
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establish
难度:4星核心词汇,属常用3000词
英汉解释
v.建立;确立;创办;安顿
参考例句
用作动词 (v.)
The framework of a social security system was established by and large.
社会保障体系框架基本确立。
They established themselves in their new house.
他们在新居安顿了下来。
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