Fiat Chrysler Automobiles set up, Netherlands-based

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Following Fiat’s recent takeover of Chrysler, a new group name and logo has been unveiled. Fiat Chrysler Automobiles (FCA) has been established in the Netherlands as a “fully-integrated global automaker,” with its common shares to be listed in New York and Milan.

Fiat shareholders will receive one FCA common share for each Fiat share they own and the FCA common shares will be listed on the New York Stock Exchange (NYSE), with an additional listing on the Mercato Telematico Azionario (MTA) in Milan.

“Today is one of the most important days in my career at Fiat and Chrysler,” said CEO Sergio Marchionne. “Five years ago we began to cultivate a vision that went beyond industrial cooperation to include full cultural integration at all levels. Today we can say that we have succeeded in creating solid foundations for a global automaker with a mix of experience and know-how on a level with the best of our competitors.”

Alfa_Romeo_Giulietta_Collezione

In an interview with Italian daily La Repubblica, Marchionne said that upon the merging of Fiat and Chrysler, the Italian carmaker would be focussing on its Alfa Romeo brand. He said production would remain in Italy, and that the full takeover of Chrysler would allow investments to be directed to under-utilised plants in the country, where unemployment currently stands at nearly 13%.

“Just as the Jeep is sold in the whole world but is American to the bone, so Alfa’s DNA has to be authentically all Italian.  It will indeed remain at home,” Marchionne told the Italian daily.

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Jonathan James Tan

While most dream of the future, Jonathan Tan dreams of the past, although he's never been there. Fantasises much too often about cruising down Treacher Road (Jalan Sultan Ismail) in a Triumph Stag that actually works, and hopes this stint here will snap him back to present reality.

 

Comments

  • machi on Jan 30, 2014 at 6:46 pm

    Well done..finally all rubbish (except Ferrari) are under 1 roof, where to head next? Have a guess..

    Like or Dislike: Thumb up 6 Thumb down 8
  • so,are they going to build a reliable car?or at least sell a proper ‘tropicalize’ car in malaysia

    Like or Dislike: Thumb up 1 Thumb down 3
  • fiat is sucha good car. Do you know why it failed in Malaysia? Because it was run by monkeys. We cannot give monkeys good franchise or dealerships.

    Like or Dislike: Thumb up 17 Thumb down 5
  • Rulered on Jan 30, 2014 at 8:11 pm

    Don’t exactly know what to comment on this article, only thing I want to say is, Gong Hei Fatt Choy!! Have a nice one guys!

    Like or Dislike: Thumb up 9 Thumb down 1
  • paucharsiew on Jan 30, 2014 at 11:06 pm

    in a country where nobody drives. interesting.

    Like or Dislike: Thumb up 5 Thumb down 1
  • Hisham on Jan 31, 2014 at 12:14 pm

    The car design not so attractive..

    Like or Dislike: Thumb up 2 Thumb down 1
  • Pizza Boy on Feb 01, 2014 at 7:37 pm

    Chrysler and Fiat have a lot in common. Both lose money and make bad cars.

    Like or Dislike: Thumb up 3 Thumb down 3
  • EnergyAnalyst on Feb 03, 2014 at 12:43 pm

    FCA is too closely looking alike of FDA. Not a good thing

    Like or Dislike: Thumb up 0 Thumb down 0
 

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