Fiat Chrysler builds office in Netherlands
Fiat Chrysler Automobiles said that it will establish its headquarter in the Netherlands, news station WWJ reported.
The company’s shares will trade in both New York and Milan, Italy, according to the news report.
Recently, Fiat completed a deal to acquire the 41% stake it did not already own of Chrysler. Fiat a $4.35 billion deal earlier this month.
“A new chapter of our story begins with the creation of Fiat Chrysler Automobiles. 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. FCA allows us to face the future with a renewed sense of purpose and vigor,” Fiat Chairman John Elkann said.
The headquarters decision was based “on the needs and opportunities resulting from the creation of a large, global auto group through the union of Fiat and Chrysler,” the company said in a statement.