The newly established Fiat Chrysler Automobiles NV has found the location for its global offices – in London’s West End, the costliest office district globally.
Fiat SpA, the Italian carmaker that now wholly owns its US subsidiary Chrysler Group LLC is set to merge with the latter to form the world’s seventh largest automaker – an entity that would be more capable of taking on the leading global trio: Toyota, Volkswagen and General Motors.
Before that, the new company will be incorporated as a Dutch company, offer its shares on the New York Stock Exchange and in Milan and have its world headquarters – for tax purposes – located in London, UK.
According to Jonathan Stern, a partner at Mellersh & Harding, the property’s broker, FCA has decided to lease three floors in a corporate building on St James’s Street, which among others also houses there the Economist magazine.
The new offices are located right in the heart of London, just a 10-minute walk from Buckingham Palace, Queen Elizabeth II’s official London residence. The Great Britain location was also chosen as neutral territory between Turin, Italy’s former Fiat headquarters and Chrysler’s historic association to America’s Motor City, Detroit.
Via Automotive News Europe