Ferrari is expected to be listed within the next 12-18 months according to analysts who met with Fiat CEO Sergio Marchionne.

An initial public offering for Ferrari "appears increasingly likely in the next 12-18 months," analysts from US bank Morgan Stanley said in a note.

The analysts also cited Marchionne as saying Fiat and Chrysler, in which the Italian company has a 20% stake and management control, would merge after the IPO.

Analysts from Germany's Deutsche Bank said: "Marchionne aims to have one single listed unit between Fiat and Chrysler before the end of 2014."

Fiat's 20% stake in Chrysler is set to rise to 25% by the end of the year and 35% by the end of next year.

Ferrari is 85% owned by Fiat.