Thursday, 27 February 2014 01:27

Fiat Chrysler Automobiles to be Company’s New Name

Chrysler and Fiat will be known as Fiat Chrysler Automobiles NV as they move forward as a single company. The Fiat board of directors agreed on the new name in February 2014, with headquarters for tax purposes in the United Kingdom. But the board sidestepped the thorny political issue of whether the true headquarters would be in the United States or Italy.

Fiat and Chrysler also announced fourth-quarter and full-year earnings. Chrysler strong profits once again propped up its parent company, which otherwise would have lost money. Shares of the combined company will trade jointly on the New York Stock Exchange and in Milan, Italy, by October 1, 2014. The shares will trade under the symbol FCA, which also appears on the new company logo. FCA now includes the Jeep, Ram, Dodge, and Chrysler brands as well as Fiat, Maserati, Ferrari, Lancia, and Alfa Romeo. The new company will maintain significant research, engineering, and financial operations in the Fiat hometown of Turin, Italy, and at the sprawling Chrysler office complex in Auburn Hills, MI.

Read 3665 times