/ Chrysler, Fiat, Industry, News / Shareholder meeting to decide on Fiat Chrysler merger

Shareholder meeting to decide on Fiat Chrysler merger

Linked In Share
Shareholder meeting to decide on Fiat Chrysler merger

Back in January, CEO Sergio Marchionne happily announced that Fiat SpA managed to purchase the remaining stake to fully own its US subsidiary Chrysler Group LLC.

The merger process, which would see the creation of Fiat Chrysler Automobiles NV is a long one, as the new entity – the seventh largest global automaker – is a huge multinational corporation.

The FCA NV would act as a totally new company – with a base in the Netherlands for tax purposes, the global headquarters located in London, Fiat and Chrysler’s HQ remaining in Italy and the US, while the company’s primary listing – up and running in October – located in New York, with a secondary one in Milan.

And, in all the proceedings for the merger, there are also some traditional shareholders meetings. Fiat’s shareholder meeting has been called for August 1 to officially approve the merger between Italy’s carmaker and the US division.

Additionally, in a statement, Fiat also said the August meeting would call the shareholders vote on other related motions – mainly the merger of Fiat SpA with and into its wholly-owned Dutch subsidiary Netherlands Fiat Investments NV.

Fiat Chrysler Automobiles has already unveiled a five-years business plan that would see it targeting a five fold increase in earnings and a 60% overall growth for the car brands it owns, all by 2018.

Via Reuters

by Aurel Niculescu (my Google+) - Thursday, July 3rd, 2014 - filed under Chrysler, Fiat, Industry, News. Image credit: .
Linked In Share
Related Articles
europe italy merger shareholder meeting


Discuss: Shareholder meeting to decide on Fiat Chrysler merger

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!

GM and Jaguar Land Rover stopped deliveries to Russia
GM and Jaguar Land Rover stopped deliveries to RussiaIn response to the slide in the rouble’s value, automakers, General Motors and Jaguar Land Rover included, decided to stop ...
Uber wants to patent its gouging prices
Uber wants to patent its gouging pricesWhile critics accuse Uber of price gouging over the high fees asked in Sydney for the people who were fleeing a hostage crisis, ...
Ford closes Genk Plant in Belgium
Ford closes Genk Plant in BelgiumWith a production of around 14 million cars over the past 50 years, Ford shut the doors of its plant in Genk, Belgium just a day ...
Price of U.S. gas reaches under $2.50 a gallon
Price of U.S. gas reaches under $2.50 a gallonU.S. drivers are paying less than 2.50 dollars a gallon at the gasoline pump for the first time in more than 5 years. Retail ...
Toyota will invest $126M to expand powertrain operations
Toyota will invest $126M to expand powertrain operationsToyota announced today that it will invest $126 million in the expansion of its powertrain operations in Ann Arbor and also in ...
Spyker declares bankruptcy
Spyker declares bankruptcyOn Tuesday, Spyker, the Dutch sportscar maker which owned Saab, was declared bankrupt when not succeeding to secure a loan that ...
Mazda readies seven tuned cars for its home Tokyo Auto Salon
Mazda readies seven tuned cars for its home Tokyo Auto SalonThe Japanese automaker has prepared seven tuned models, all of them scheduled to make their official public debut during the ...
Audi tells us that Q7’s 3D sound systems are the best around
Audi tells us that Q7’s 3D sound systems are the best aroundThe German automaker, the second largest premium auto manufacturer in the world, keeps giving us more details about its ...
[Video] Winner of the Land Rover challenge survives an encounter with the wild thanks to Bear Grylls
[Video] Winner of the Land Rover challenge survives an encounter with the wild thanks to Bear GryllsIt’s impossible for a modern day human to not have at least heard of the formal Special Forces turned wilderness survival ...
[Video] Chevrolet continues to tease us with the 2016 Volt’s first interior footage
[Video] Chevrolet continues to tease us with the 2016 Volt’s first interior footageMark Reuss is that very lucky guy to be able to test-drive any GM car before it’s launched. His latest feat comes from inside ...
US: Hyundai to premiere new infotainment system during CES
US: Hyundai to premiere new infotainment system during CESWe said it countless times before, and here’s another example that supports our opinion: automakers are increasingly using ...
[Video] VW shows us how to properly decorate a Christmas tree using the 2015 Polo GTI
[Video] VW shows us how to properly decorate a Christmas tree using the 2015 Polo GTIIf you’re in a hurry and don’t have the necessary time to put on the red sweater, brew a coffee and then decorate next to the ...
McLaren teases its Sports Series with hip official image
McLaren teases its Sports Series with hip official imageThe British sports car aficionados from McLaren Automotive have utterly bad advisers when it comes to the naming scheme of their ...
Rolls-Royce introduces the Suhail Collection
Rolls-Royce introduces the Suhail CollectionThe British ultra-luxury automaker, currently a subsidiary of the largest premium automaker in the world, BMW, has just ...
Nissan Juke Nismo RS officially priced in UK
Nissan Juke Nismo RS officially priced in UKThe very hot and eagerly anticipated Nissan Juke Nismo RS has seen its British prices released recently and the model would be ...
Read more automotive news


2013 Frankfurt Motor Show Live Images

Mazda_tokyo_salon
audi_sound_Q7
hyundai_infotainment_carplay_android_auto
Rolls-Royce_Suhail
puritalia-4270
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

More automotive from inautonews
In response to the slide in the rouble’s value, automakers, General Motors and Jaguar Land Rover included, decided to stop delivering to Russian dealerships. The currency in Russia has been affected by the oil prices and the Western sanctions applied to Moscow because of its involvement in ...
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 [Video] Swedish magazine says new Mondeo is heavier than claimed, could be illegal to drive fully loadedTeknikens Värld, a Swedish magazine that became (in)famous back in 1997 for coining the Mercedes ... Recall roundup: Ford vehicles for Takata airbag issue in the USFord Motor Co, the second-largest US automaker has decided to expand the recall of Takata-equipped ...
Safety Section