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Fiat Chrysler Automobiles 'a new chapter' says Elkann

Italian-American auto group to become a global giant

29 January, 14:23
Fiat Chrysler Automobiles 'a new chapter' says Elkann (ANSA) - Turin, January 29 - The creation of the new Fiat Chrysler Automobiles opens "a new chapter" in the long history of Turin-based Fiat, President John Elkann said Wednesday. "The birth of Fiat Chrysler Automobiles marks the beginning of a new chapter in our history," Elkann said in announcing the name of the combined new group that will be the seventh largest in the world.

The new group, to be listed on the New York Stock Exchange by year-end as well as on Milan's bourse, comes after a long struggle by Fiat to merge with Chrysler into a global auto giant.

Their merger, worth $4.35 billion, was finalized earlier this month.