Merged Fiat-Chrysler could be registered in the Netherlands

Article by Anita Panait, on July 26, 2013

Sergio Marchionne, chief executive of both Fiat and Chrysler, remarked that the merged entity could be registered in the Netherlands. Doing so could be beneficial if Fiat-Chrysler would have its primary listing in the United States, since corporate rules in the Netherlands are similar to those in the U.S. Marchionne disclosed on April 29, 2013, that he would prefer that the merged Fiat-Chrysler be listed in New York.

Fiat's sister company, Fiat Industrial, is also transferring its corporate headquarters to the Netherlands following a merger with US unit CNH that should be completed in the autumn. Marchionne remarked to Reuters that Fiat would follow its sister company in registering in the Netherlands, noting that the Fiat Industrial-CNH merger "is one of the technical blueprints" for a future Fiat-Chrysler marriage.

CNH shareholders approved the merger at a meeting in Amsterdam, CNH said in a statement. The merged company will be called CNH Industrial, and will have its primary listing at New York.

Fiat is currently in discussions with VEBA to buy the trust’s 41.5-percent stake in Chrysler. Marchionne said he expected a Delaware court to issue a ruling over a price dispute with VEBA by the end of July.

The ruling will determine how much Fiat has to pay for part of the VEBA stake as well as will make clear the timetable for the full merger. Analysts expect Fiat-Chrysler to post a group trading profit of around EUR1 billion ($1.32 billion) and a net profit of EUR305 million. Fiat will report its results for the second quarter of 2013 on July 30, and will be closely watched for signs that it is curtailing losses in Europe, where demand for vehicles continues to fall. [source: Reuters]

Topics: fiat, chrysler

If you liked the article, share on:

Comments

Recommended

The new 2018 Ford Mustang GT, when equipped with its optional Performance package, will be able to produce 460 horsepower. It also comes fitted with Michelin Pilot Sport 4S tires...
by - October 19, 2017
It’s not as if the Porsche 718 Boxster and Cayman are not already impressive cars. The automaker has just given us more reasons to love the twins. The 2018 model...
by - October 19, 2017
After months of dropping online teasers, Polestar finally reveals its very first production car virtually. The Polestar 1 is a two-door coupe that gets its design inspiration from the 2013...
by - October 19, 2017
While the official premiere of 2018 Jeep Wrangler (JL/JLU) is already set this December, fans everywhere rejoiced at having had something like this appear on the web. Yes, everything we...
by - October 19, 2017
South Korean carmaker Kia will try to follow up the success of its Sportage compact sports utility vehicle by introducing a smaller SUV (subcompact) in the United Kingdom in the...
by - October 18, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries