this creation of this new entity is almost a sigh of relief. "Technically, shareholders were asked to vote in favour of folding Italy based Fiat Spa into Netherlands based Fiat Investments NV, which will be renamed Fiat Chrysler Automobiles. Chrysler will continue to operate as a subsidiary. "Fiat is not leaving Italy, only the holding company will be organised under the laws of the Netherlands," Marchionne told shareholders, according to the Wall Street Journal. Practically, the merger is designed to make Fiat Chrysler Automobiles more attractive to investors and bankers, especially after new stock is listed on Nike Air Max Flyknit 2014 the New York Stock Exchange later in 2014.
automaker emerged from Chapter 11 bankruptcy. The Italian automaker became Chrysler's 100 per cent owner in January. New stock, under the symbol FCA, is expected to begin trading on the New York Stock Exchange in mid October as long as the deal isn't challenged by investors or shareholders within 60 days. "This entity has now formed," Marchionne told reporters after the shareholder meeting. "We need to give it the space to operate.
Many analysts say Fiat will need additional capital to complete an ambitious restructuring plan in Europe. Fiat became Chrysler's controlling shareholder in 2009 when the Nike Flyknit Racer Oreo 1.0 On Feet
employees will be affected.
A Fiat spokesman said there will only be a small representative office in .
It's a powerful organisation. I think it has a huge amount of potential. "Marchionne and the company's board picked the Netherlands and London in an effort to avoid controversy either in Italy or the United States. "A Dutch incorporation . will provide additional flexibility in raising capital or making strategic acquisitions or investments in the future," the company said in a document on its website. While the legal structure of the companies will change, Marchionne has said few Nike Roshe Flyknit Sail String White
" Marchionne said on Bloomberg TV following the shareholder meeting. "It's been a long sequence of events that has allowed this to happen. To see this thing come together now Nike Flyknit Black And White 4.0
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