/ Chrysler, Fiat, Industry, News / Fiat’s New York listing could be rough

Fiat’s New York listing could be rough

Linked In Share
Fiat’s New York listing could be rough

Fiat, which is currently in the full process of merger with its US subsidiary Chrysler, is also preparing for the new company’s listing on the New York Stock Exchange, which could be a bumpy road.

Fiat SpA, the parent company of Chrysler Group LLC has so far only traded its stock in Milan, in the home country of Italy. But, as the new Fiat Chrysler Automobiles NV emerges as a bigger scope global company, the group desperately needs to be available on the critical Wall Street to secure further funding for the expansion plans it has.

Fiat said its merger to Chrysler should be completed by the year’s end, while the New York listing is prepared for October – which is the main venue where FCA chief executive Sergio Marchionne expects to get the necessary funding for its five years business plan that should bring a 500% gain on net profit and increase total sales by 60% by 2018 – all with a forecasted spending cost of no less than 48 billion euro ($65 billion).

“If you want to play the U.S. car market, you either buy GM or you buy Ford or you buy us,” said Marchionne. “We are the only other true proxy to the U.S. market.”

The only problem for the new company – Fiat’s sister company CNH Industrial, a maker of trucks and tractors, which was listed on Wall Street last year – was met with little interest, so far in eight months investors only acquire around 100,000 shares per day. On the other hand, Milan’s average trading of Fiat SpA is usually around 30 times better.

Via Automotive News Europe

by Aurel Niculescu (my Google+) - Monday, June 30th, 2014 - filed under Chrysler, Fiat, Industry, News. Image credit: .
Linked In Share
Related Articles
europe listing Milan new york us


Discuss: Fiat’s New York listing could be rough

Leave a Reply















Inautonews Facebook PageInautonews RSS FeedInautonews TwitterInautonews Youtube Channel

Sign up to receive our email newsletter on your email. It's safe. No spam!

[Video] Chevrolet Chaparral 2X Vision Gran Turismo: the new star in Gran Turismo 6
[Video] Chevrolet Chaparral 2X Vision Gran Turismo: the new star in Gran Turismo 6General Motors and Polyphony Digital have just made public that the Chevrolet Chaparral 2X Vision Gran Turismo can now be ...
Ecclestone pokes fun at jail threat in Xmas card
Ecclestone pokes fun at jail threat in Xmas cardDec.18 (GMM/Inautonews.com) Bernie Ecclestone has poked fun at the legal troubles that almost landed him in jail this ...
[Video] How Porsche turns any car into a Macan
[Video] How Porsche turns any car into a MacanNo matter what car you’re driving, you can now watch yourself behind the wheels of nothing else but a Porsche Macan. How is ...
Exquisite 1989 Lamborghini LM002 gets auctioned next month
Exquisite 1989 Lamborghini LM002 gets auctioned next monthA Lamborghini LM002 from 1989, also known as the Rambo Lambo, in pristine condition, will be available for public auctioning the ...
China: beautiful Porsche 918 Spyder gets totaled in Shanghai
China: beautiful Porsche 918 Spyder gets totaled in ShanghaiThis month was a great one for the German supercar – it’s already sold out – but there’s one notable exception – one of ...
2016 Toyota Tacoma shows its face
2016 Toyota Tacoma shows its faceToyota has revealed two new teaser images for the front fascia and back of its 2016 Tacoma, which is scheduled to be unveiled on ...
Ferrari F12 Berlinetta bumped to 795 hp, courtesy of PP-Performance
Ferrari F12 Berlinetta bumped to 795 hp, courtesy of PP-PerformanceIf you ever envisioned having your mind-boggling Ferrari F12 Berlinetta craving for more horsepower under the hood, fret not, the ...
Report – Nissan IDx Concept will turn into a Silvia successor
Report – Nissan IDx Concept will turn into a Silvia successorAccording to a new report, Nissan IDx Concept will evolve into a successor of the 200SX (Silvia) within just two years’ ...
[Video] Internet sensation Gisele rides a hot Corvette Z06, but be warned – she has a sweater on
[Video] Internet sensation Gisele rides a hot Corvette Z06, but be warned – she has a sweater onIf you’re not completely out of this world and never watched a string of YouTube videos featuring hot cars and equally ...
[VIDEO] 2016 Nissan Titan gets teased for Detroit debut
[VIDEO] 2016 Nissan Titan gets teased for Detroit debutNissan has just released a new teaser video for its 2016 Titan, planned to make its official public debut at the North American ...
BMW backs out of NAIAS reveal for electric hydrogen fuel cell drive module
BMW backs out of NAIAS reveal for electric hydrogen fuel cell drive moduleThe German company, the largest luxury auto manufacturer in the world, has decided to backtrack its intentions and opted out of ...
New Lexus F Model heading to Detroit next January
New Lexus F Model heading to Detroit next JanuaryLexus is planning to introduce another new F model at the North American International Auto Show (NAIAS) in Detroit at the ...
US: Ford’s lightweight F-150 further aided by low gasoline price
US: Ford’s lightweight F-150 further aided by low gasoline priceThe second-largest US automaker decided that a game-changer was in order for the best-selling vehicle in America and made a ...
Lamborghini Aventador gets crashed in India
Lamborghini Aventador gets crashed in IndiaThe Indian owner of this white Lamborghini Aventador has taken a serious ego hit after managing to crash his ride. If we are ...
Report – VW to get rid of its product strategy leader
Report – VW to get rid of its product strategy leaderVolkswagen Ag, the second largest carmaker in the world and the European leader, is ready to oust its No. 1 product strategist, ...
Read more automotive news


2013 Frankfurt Motor Show Live Images

918_crash
Tacoma_teaser0
Ferrari_F12_PP
Lexus_F_teaser0
lamborghini aventador crash india 1
BMW M4 Coupe G-Power tuning 1
Jeep-Renegade-1
scg 003 1
Infiniti Concept Vision Gran Turismo 21
2016 honda nsx 1
bmw x6 tuning lumma topcar 1
mercedes-benz s600 guard topcar tuning 1

More automotive from inautonews
General Motors and Polyphony Digital have just made public that the Chevrolet Chaparral 2X Vision Gran Turismo can now be downloaded in Gran Turismo 6. Available as part of the 1.15 update, the car model can be bought or gained after completing a lap in the new seasonal event, which is available ...
read more
Inautonews Editors Section
Test Drive: Ford Fiesta ST
Test Drive: Ford Fiesta ST The current generation of the Ford Fiesta ST has been officially presented to the public back in March, 2012, during the Geneva Motor Show, and it ...
Test Drive: Renault Twizy – Back to basics
Test Drive: Renault Twizy – Back to basics Renault has been producing the Twizy for a couple of years now, in its Valladolid, Spain, facility but spotting one on European roads can turn out ...
Test Drive: Mercedes-Benz SL400
Test Drive: Mercedes-Benz SL400 The Mercedes-Benz SL is currently in its sixth generation and since the company has released a new entry-level, the SL400, which is basically the ...

Editors Section
Inautonews Editors Section
2012 Safest Cars list 2011 Safest Cars [Video] 2011 IIHS Safest Cars [Video] 2011 EuroNCAP Safest Cars 2010 Safest Cars [Video]

Latest in Safety Recall roundup: Nissan in Mexico for Takata airbag issueThe second-largest Japanese automaker, Nissan, has announced it was recalling at least 80,000 ... Japan: Takata crisis could affect vehicle maintenance proceduresThe auto safety parts maker Takata Corp. has been involved in a mounting global safety crisis that ...
Safety Section