By: AUTOMOTIVE NEWS
January 29, 2014
DETROIT – Chrysler Group LLC and Fiat Auto SpA have picked a new name and logo for a combined company: Fiat Chrysler Automobiles NV.
FCA will be based in The Netherlands once the merger is complete, have a fiscal office in England for tax purposes, be traded primarily on the New York Stock Exchange with a secondary listing on the stock exchange in Milan, Italy, according to Automotive News, a sister publication of Plastics News.
The merger was announced Jan. 1 and the companies expect to complete the process by the end of this year.
The companies announced the name and unveiled the logo on Jan. 29, the same day Auburn Hills, Mich.-based Chrysler reported an increase in earnings for the fourth quarter as the launch of the 2014 Jeep Cherokee and higher U.S. sales helped the automaker to its third straight annual profit.
Chrysler's net income of $1.6 billion for 2013 was aided by a onetime tax gain of $962 million, the company said in a statement. A year earlier, Chrysler netted $378 million.
More information on the financial report is available at autonews.com.