Citing the ever-nebulous "two sources close to Fiat," Reuters is reporting that the Italian automaker and owner of the Chrysler brand is likely to list itself on the New York Stock Exchange. The move could reportedly happen as soon as 2015, marking the end, at least in the minds of investors, of Fiat's 115-year base in Turin, Italy.

The Italian government is not likely to react favorably to Fiat's potential move from Italy to the United States, despite initially positive reactions to Fiat's landmark final purchase of Chrysler, the third-largest automaker in the US. Fiat spent $3.65 billion to buy out the 41.46-percent stake in Chrysler that had been owned by the United Auto Workers' VEBA trust fund.

With little sign of a swift European recovery, Fiat has little choice but to focus on markets outside its traditional home, and a listing in New York could potentially be a boon for investors. According to International Strategy and Investment analyst George Galliers, speaking to Reuters, "People [would be] more likely to think of the entity in the same context as they do Ford and GM" if it were listed on the NYSE.


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    • 1 Second Ago
  • 4 Comments
      1guyin10
      • 11 Months Ago
      There is much more capitol available in NY than Milan. They have stated in the past that they would consider a NY listing for that reason. Where the company is actually based is anyone's guess. Fiat Industrial is formally headquartered in the Netherlands, physically headquartered in Great Britain and is listed on the NY exchange. They could very well go for something similar for the new company they form out of Fiat and Chrysler.
      malgu
      • 11 Months Ago
      "People [would be] more likely to think of the entity in the same context as they do Ford and GM" if it were listed on the NYSE" I don't think this would happen, ever.
      Rotation
      • 11 Months Ago
      Of course they will. Marchionne just seems like a far bigger financial operator than car guy. If you want to be thought of like Ford and GM, how about you work on improving your car business?
      Bassracerx
      • 11 Months Ago
      nope america lost a car company hope they dont need a bailout again because there wont be one.