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Chrysler to stay American

by David Zatz on

Sergio Marchionne small 2011

Automotive News noted that, while Fiat SpA will be part of the new Fiat Chrysler Automobiles NV holding company, Chrysler Group LLC will remain a separate United States entity, according to statements by Sergio Marchionne at a recent shareholder meeting in Italy.

The reason, according to the industry magazine, is that mergers are relatively easy within the European Union, but more difficult between the United States and the E.U.

FCA shareholders’ meetings will likely take place in the Netherlands, with the board of directors possibly meeting within the United Kingdom, where the company holds its tax headquarters.

Chrysler will probably change to another legal form, such as a corporation, which would entail a minor name change.

David Zatz founded Allpar in 1998 (based on a site he had begun in 1993-94), after years of writing reviews for retail trades. He has been quoted by the New York Times, the Daily Telegraph, the Detroit News, and USA Today. Before making Allpar a full-time career, he was a consultant in organizational psychology. You can reach him by using our contact form (much preferred) or by calling (313) 766-2304

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