Fiat SpA and Chrysler Group LLC have become Fiat Chrysler Automobiles NV, or FCA.
Fiat’s board of directors announced the new name as part of a comprehensive restructuring of the two automakers Wednesday, adding that the new company will be headquartered in the Netherlands.
Its shares will be traded on the New York Stock Exchange in addition to the Mercato Telematico Azionario in Milan, where Fiat’s shares are already traded.
“A new chapter of our story begins with the creation of Fiat Chrysler Automobiles,” said John Elkann, chairman of Fiat, in a statement released Wednesday. “A journey that started over a decade ago, as Fiat sought to ensure its place in an increasingly complex marketplace, has brought together two organizations each with a great history in the automotive industry and different but complementary geographic strengths.”
Read Article