After Caterpillar, Jim Chanos Shorts Fiat, Goes Long Volkswagen

While speaking at last week’s Delivering Alpha conference, Jim Chanos presented his new short target, Caterpillar Inc. (NYSE:CAT). At the same conference he also hinted that he was shorting a couple of other struggling European automakers as well but did not name any companies, now we are exclusively bringing to you Chanos’ other short in the auto industrial sector. Chanos Shorts Fiat Kynikos Associates, Chanos’ hedge fund, has established a 0.5% short in Fiat S.p.A. (OTCMKTS:FIATY), the Italian car maker which is famous for owning expensive brands, Ferrari and Maserati . He is hedging his negative bets in Fiat against long in the…