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FCA opts for pricey London address

by Bill Cawthon on

FCA-London-Web

Much of the money Fiat Chrysler Automobiles saves on taxes by registering in the United Kingdom may be going for rent.

The company just leased three floors at 25 St. James Street in London’s West End where it will share space with The Economist magazine.

West End office prices are the highest in the world, running about $277 per square foot. Space for a typical 6X6 office cubicle would run just about $10,000.

Despite the price only 3.5% of the West End office space is vacant.

FCA’s new address is within easy walking distance of Buckingham Palace and just a few blocks from the Royal Automobile Club.

Thanks to Paul for the tip!

 

Bill Cawthon grew up in the auto industry in the 1950s. His Dad worked for Chrysler and Bill spent a number of Saturdays down on the plant floor at Dodge Main in Hamtramck. Bill is also the U.S. market correspondent for just-auto.com, a British auto industry publication, and a member of the Texas Auto Writers Association, which has named the Jeep Grand Cherokee the “SUV of Texas” several times and named the Ram 1500 as the “Truck of Texas” two years running.

Bill has owned five Plymouths (including the only 1962 “Texan”), one Dodge and one Chrysler and is still trying to figure out how to justify a Wrangler. He also has owned at least one of every 1:87 scale model of a Chrysler product. You can reach him directly at (206) 888-7324 or by using the form.

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