FT: "Carmaker Fiat-Chrysler is aiming to list in New York within the year, underlining the group’s emergence as a US-centric organisation following chief executive Sergio Marchionne’s successful broker of a full merger of the US group with its Italian partner."
An Italian-American merger of this sort, will provide wider geographical market coverage to the company.
Also, with this merger deal to buy out the other Chrysler owner's 40 percent stake, Fiat will become the world's seventh-largest automaker.
Worlds leading automakers: Toyota, General Motors, Volkswagen, Nissan-Renault, Hyundai, and Ford. With this deal, Fiat will be right before Honda.
Chrysler is the smallest of the three American car makers.
Numbers: Fiat will pay 1.75 B dollars in cash, Chrysler will make 1.9 B dollars contribution.
Together, Fiat and Chrysler sold 4.5 M vehicles in 2012.
UPDATED Jan. 5 2014: Reuters: Fiat Shares Could Double in Two Years
Also, with this merger deal to buy out the other Chrysler owner's 40 percent stake, Fiat will become the world's seventh-largest automaker.
Worlds leading automakers: Toyota, General Motors, Volkswagen, Nissan-Renault, Hyundai, and Ford. With this deal, Fiat will be right before Honda.
Chrysler is the smallest of the three American car makers.
Numbers: Fiat will pay 1.75 B dollars in cash, Chrysler will make 1.9 B dollars contribution.
Together, Fiat and Chrysler sold 4.5 M vehicles in 2012.
NYT: "Though Chrysler and Fiat have shared for years such resources as product development teams, and such production assets as single platforms that can be used to build several models, consolidated ownership will allow the company to move forward more smoothly..."
“Often, one global market will be up while another’s down,” said Jack R. Nerad, the executive editorial director at Kelley Blue Book. “If you’re stuck in a single region, it can be a disadvantage to compete against global players.”
UPDATED Jan. 5 2014: Reuters: Fiat Shares Could Double in Two Years
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