All cars   a b c d e f g h i j k l m n o p q r s t u v w x y z
More news
Wartburg 353 Wartburg 353

This East Germany based car brand had left an impressive imp


Honda Coupe Honda Coupe

Coupe as designed by Honda bears close resemblances with the


Peugeot 104 Peugeot 104

Supermini version of four-wheeler is introduced in the marke


Yamaha Midnight Yamaha Midnight

Yamaha is best known for the collections of motorcycles. Thi


Keeway Hurricane Keeway Hurricane

This compact scooter as designed by Keeway offers easy handl


recently viewed models


Fiat shareholder’s green light for Chrysler merger signals the end of Italian era
Fiat shareholder’s green light for Chrysler merger signals the end of Italian era

With the shareholders’ officially approving the Chrysler merger, Fiat has stepped away significantly from tradition. According to Automotive News Europe this would be resulting into the establishing of a Dutch company, namely Fiat Chrysler Automobiles NV, based in the UK and registered with the NYSE.

In a special meeting held for shareholders the company managed to muster two-third majority though there are still circumstances capable of defeating the entire move.  Eight percent of the shareholders voted against the merger, which is a large enough group to topple the plan, if they decide to use their exit rights en masse notified in the merger conditions.

John Elkann, Fiat chairman and the descendent of  Giovanni Agnelli, the Fiat founder, in the meantime confirmed again the commitment of the family towards the company which is beyond merger. The Agnelli family holding company Exor still owns 30 per cent of the Fiat shares.

 

Fiat Chrysler Automotive in the meantime would setup temporary office 20 miles away from London at Slough, England. Official of FCA in London should be commissioned at 2014 end. In spite of these changes the administration and IT functions will still be maintained at the traditional base of Fiat-Turin, Italy. The home country will still act as the major base for vehicle production however. 

What do you think about this vehicle?



 
Verified brands
Alfa Romeo Aston Martin
BMW Bentley
Cadillac Chevrolet
Chrysler Daewoo
Dodge Ferrari
Fiat Ford
Honda Hyundai
Infiniti Jaguar
KIA Lamborghini
Lancia Lotus
Mazda Mercedes-Benz
Mini Mitsubishi
Nissan Opel
Peugeot Porsche