Combined Fiat And Chrysler Corporation To Be Known As Fiat Chrysler Automobiles

Jan 30, 2014 769

Following its acquisition of all remaining shares in Chrysler from the United Auto Workers VEBA Trust earlier in the month, Italian automaker Fiat has rebranded itself Fiat Chrysler Automobiles (FCA) in recognition of its fully-integrated status. FCA will be registered in the U.K., for what the company say are taxation purposes.

A separate Fiat Chrysler Automobiles N.V., registered in the Netherlands, will serve as parent company for FCA, and common shares for the new automotive giant will be listed on the New York Stock Exchange as well as an index in Milan. Fiat shareholders will receive one FCA common share for each Fiat share they hold. The transaction is expected to be completed by the end of the year.

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Source: http://autos.yahoo.com/

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