Fiat Chrysler Automobiles NV, the seventh largest automaker in the world, is making history this December following the recent merger of Italy’s Fiat Group Automobiles SpA to US subsidiary Chrysler Group LLC.
The latter’s name has now been changed to FCA US and the detractors in the US should now rest assured it’s also hitting the home country of Italy in the same manner – Italy’s Fiat Group Automobiles SpA has now been renamed to FCA Italy SpA. The holding company was usually shortened FGA and the renaming process only changes the letter G to C for Chrysler. Fiat Chrysler Automobiles, the new parent company of both carmakers has been hard at work to distance both companies from their Italian and American roots in search for globalization. FCA NV has a Netherlands registration, pays taxes and has the global headquarters in the United Kingdom. Besides that, the company’s shares are listed on the New York Stock Exchange and Milan Bursa.
FCA Italy SpA is the operative company running operations in Europe, the Middle East and Africa (EMEA) for the Abarth, Alfa Romeo, Fiat, Fiat Professional LCVs, Jeep and Lancia brands. According to the company, no management changes have been operated, with Alfredo Altavilla remaining the chief operating officer of the renamed unit.
Via Automotive News Europe