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Marchionne 'dreams' of NY bourse entry for FCA on Oct 1

'But I'm told there's still much work to be done'

04 March, 13:36
Marchionne 'dreams' of NY bourse entry for FCA on Oct 1 (ANSA) - Geneva, March 4 - Chief executive officer of Fiat Chrysler Automobiles (FCA) Sergio Marchionne said Tuesday his 'dream' was to float the Italian-American group on the New York stockmarket on October 1 but that there was still much work to be done. "If it's not October 1 it'll be November 1 or December 1," said Marchionne at the Geneva Motor Show. Fiat gained full control of Chrysler in a $4.35-billion deal with a United Auto Workers union healthcare trust.

The world's seventh biggest automaker has its headquarters in the Netherlands and a UK tax base and it will be listed on the New York and Milan stock markets.

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