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Fiat-Chrysler to go public in New York in October

2014-09-01 35 Dailymotion

Fiat-Chrysler’s boss Sergio Marchionne says the company will list in New York on October 13.<br /><br />It comes after their new merger cleared one final hurdle when a possible shareholders’ veto on the whole deal failed to gain enough support by its deadline.<br /><br />Marchionne added that any decision on capital increases for the group would be made by the end of October. <br /><br />His rescue plan for the two icons involves investing 44 billion euros over five years.<br /><br />He says the US listing is one way of paying for a relaunch of the Alfa Romeo and Maserati brands, the export of Jeeps globally, and competing in the fast-growing Asian markets, where the group is currently weak.

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