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Fiat Chrysler Automobiles to be new group name

Automaker worked for years to create global giant

29 January, 14:04
Fiat Chrysler Automobiles to be new group name (ANSA) - Turin, January 29 - Fiat Chrysler Automobiles will be the new name of the automaker formed by the merger of Turin-based Fiat Group and Chrysler, which became wholly owned by Fiat earlier this month. The name was announced Wednesday by Fiat, which has been working for years on the deal to take full possession of Detriot-based Chrysler.

That transaction, worth $4.35 billion, came after more than a year of negotiations between Fiat, lead by Chief Executive Officer (CEO) Sergio Marchionne, and the United Autoworkers (UAW) healthcare trust VEBA.

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