Fiat Chrysler Automobiles comes into being, gets new logo

The combined empires of Fiat and Chrysler have come into being with a new entity known as Fiat Chrysler Automobiles. The Board of Directors of Fiat S.p.A have approved this corporate reorganization and formation of Fiat Chrysler Automobiles (FCA) as a fully integrated global automaker.

This acquisition and new entity commence a new chapter of a journey that goes back over a decade with Fiat’s endeavor and has brought two organizations together into the auto industry. It is also the realization of a long unfulfilled dream of Sergio Marchionne who was eager to see the two auto majors come together as a single entity.

A_Pantone_VersionWith Fiat now acquiring Chrysler, Fiat Chrysler Automobiles will be the parent company of the group with common shares to be listed both in New York and Milan. Shareholders will receive one common share for each Fiat share held while FCA shares will be listed on New York Stock Exchange.

The new company will also maintain significant research, engineering and financial operations at the Fiat base in Turin, Italy while also at Chrysler’s office in Auburn Hills, Michigan. FCA did not say where its headquarters would be based but analysts expect that this will be based in the US itself where FCA will begin operations from May 2014. For more information, scroll through the press release below.