Italian carmaker Fiat will no longer Italian. At least from a legal point of view - the company completes its merger with the American Chrysler.
Italy's largest carmaker, which was created and grew to its present scale in this country and is now considered one of its characters, the change of "residence." Concern has decided to give its 115 years of residence in the Italian victim of globalization.
August 1 in Turin was a meeting of shareholders, which was attended by family and Agnelli, which controls the company. It was not finalized all the details of the deal with Chrysler. The newly merged company Fiat Chrysler Automobiles NV (FCA), created Sergio Marchionne will be registered in the Netherlands but based - in the UK. The company's shares will be exhibited at the New York Stock Exchange, the agency Bloomberg.
"Marchionne did not want to abandon Italy, he wants to FCA and he became global players. And the center of gravity of the new group should be removed to achieve this goal. It's a little sad for Italy," - commented Professor School of Business Stephen Ross Michigan Eric Gordon University.
With access to the resources of the American automaker company, still better known as Fabbrica Italiana di Automobili Torino (FIAT), will be able to successfully compete with such as the auto giant General Motors, Volkswagen AG and Toyota Motor Corporation.
The last 14 years the Italian economy, thanks to ineffective reforms, stagnating, that affects the country's automobile industry. Unemployment is close to a record high, and thousands of residents to flee their homes in search of better lives.
Marchionne, though will not abandon Italy, but remain in the country is going. Headquartered move in Slough, Berkshire, England. There she will be based up until Fiat does not open its own office in London, which should happen by the end of this year.
Meanwhile, administrative and information technology functions will remain in Turin. Marchionne also intends to retain all Italian plants working.
At the shareholders meeting Marchionne said he planned over five years to increase the company's revenue to 130 billion euros a year. This is almost 50% more than last year.
The company's activities in North America, where Fiat could not get through to buying Chrysler, brought concern 62% of the total profit in the second quarter of this year. At the same time the European division of concern lost 6 million euros - avtorynok this region only began to recover after 20 years of decline. Without the presence of Fiat in the U.S. would remain unprofitable in 2012 and 2013.
To reduce the dependence of Fiat from Italy in terms of sales and production base, Marchionne started looking for a partner 10 years ago, when he took over as head of the company. Only now he has completed this process.
Italy's largest carmaker, which was created and grew to its present scale in this country and is now considered one of its characters, the change of "residence." Concern has decided to give its 115 years of residence in the Italian victim of globalization.
August 1 in Turin was a meeting of shareholders, which was attended by family and Agnelli, which controls the company. It was not finalized all the details of the deal with Chrysler. The newly merged company Fiat Chrysler Automobiles NV (FCA), created Sergio Marchionne will be registered in the Netherlands but based - in the UK. The company's shares will be exhibited at the New York Stock Exchange, the agency Bloomberg.
"Marchionne did not want to abandon Italy, he wants to FCA and he became global players. And the center of gravity of the new group should be removed to achieve this goal. It's a little sad for Italy," - commented Professor School of Business Stephen Ross Michigan Eric Gordon University.
With access to the resources of the American automaker company, still better known as Fabbrica Italiana di Automobili Torino (FIAT), will be able to successfully compete with such as the auto giant General Motors, Volkswagen AG and Toyota Motor Corporation.
The last 14 years the Italian economy, thanks to ineffective reforms, stagnating, that affects the country's automobile industry. Unemployment is close to a record high, and thousands of residents to flee their homes in search of better lives.
Marchionne, though will not abandon Italy, but remain in the country is going. Headquartered move in Slough, Berkshire, England. There she will be based up until Fiat does not open its own office in London, which should happen by the end of this year.
Meanwhile, administrative and information technology functions will remain in Turin. Marchionne also intends to retain all Italian plants working.
At the shareholders meeting Marchionne said he planned over five years to increase the company's revenue to 130 billion euros a year. This is almost 50% more than last year.
The company's activities in North America, where Fiat could not get through to buying Chrysler, brought concern 62% of the total profit in the second quarter of this year. At the same time the European division of concern lost 6 million euros - avtorynok this region only began to recover after 20 years of decline. Without the presence of Fiat in the U.S. would remain unprofitable in 2012 and 2013.
To reduce the dependence of Fiat from Italy in terms of sales and production base, Marchionne started looking for a partner 10 years ago, when he took over as head of the company. Only now he has completed this process.
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