Fiat-Chrysler group could be based in the Netherlands - CEO
AMSTERDAM (Reuters) - Carmaker Fiat-Chrysler (FIA.MI) could be registered in the Netherlands after a planned merger, the company's chief executive Sergio Marchionne told Reuters on Tuesday.
Fiat's sister company Fiat Industrial FI.MI is moving its corporate headquarters to the Netherlands after a merger with U.S. unit CNH CNH.N that should be finalised in the fall, and Marchionne said "it's possible" that Fiat could follow suit.
Fiat is in talks with Chrysler's minority shareholder VEBA to buy the 41.5 percent stake it does not already own. Marchionne said he expected a Delaware court to rule on a price dispute with VEBA by the end of July.
The ruling will remove uncertainty about the price Fiat will pay for part of the VEBA stake, as well as provide clarity about the timetable for the full merger.
(Reporting by Sara White, writing by Jennifer Clark)
- Tweet this
- Share this
- Digg this
- Malaysia military tracked missing plane to west coast - source |
- Malaysia air probe finds scant evidence of attack - sources |
- High-profile British rail union leader Bob Crow dies
- Insight - Scotland's Salmond talks independence, but plays politics
- Voters more receptive to UKIP than polls show - study