Fiat Chrysler's decision to locate its new corporate headquarters in jolly old London won't herald a sprawling relocation effort. Instead, it's very likely that the FCA outfit will be a small one, primarily focused on finance.

The report comes from Automotive News Europe, which claims FCA's London office will employ about 50 people with backgrounds in finance. CEO Sergio Marchionne and Fiat Group Chairman John Elkann will both have offices at the corporate headquarters, as well.

ANE cites an anonymous source that claims the people employed at the London office will focus primarily on treasury operations. It's unlikely that FCA will take on any additional employees specifically for its UK offices. That said, FCA isn't likely to downsize either its Turin or Auburn Hills offices once London comes online.

"It's more like adding a new office rather than shutting down an old one," the source told ANE.

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    • 1 Second Ago
      • 11 Months Ago
      Its not some sort of perk that the "headquarters" of FCA is in London; its a tax dodge to avoid higher US (and I believe Italian) tax rates. Its a skeleton crew to give it some credibility instead of renting a P.O. Box at Mailboxes Etc. It has nothing to do with executives wanting to live in London "pampering themselves". London is great to visit, but I would never want to live and work there. Auburn Hills on the other hand has a more relaxed setting. As well, Mr. Marchionne explained that the location is essentially midpoint between Detroit and Turin so that neither Chrysler nor FIAT are seen by employees as preferential treatment. London is a, if not THE financial capital for Europe certainly, and Mr. Marchionne will probably barely pop his head in the office with the exception of meetings.
        • 11 Months Ago
        London is one of the top great cities of the world, and usually ranks # 1 in a great many surveys. The assertion that "you would never want to live or work there" sounds like you have lived in London for a number of years and can give some credibility to your opinions. I have lived in both, and I can assure you it is one of the most vibrant cities in the world if not the most. Most big block buster movies that need special effects are made there, (Pinewood, etc), and a great many Hollywood stars if not living there have second homes there. Then there are all the small car companies close by, including McLaren, etc and almost all F1 teams. It is THE FINANCIAL CAPITAL of the world and not just Europe. I just love it when someone just out of the blue pontificates there opinion as being what everyone should adhere too as they have some inside Auburn hills I might add is both puerile, sanitized and boring as anyone gets inspiration working there I don't know ! So your opinion, in my opinion, is just about wrong in every respect.
        • 11 Months Ago
        uh, Michigan vs London, England?.......I'll take London, thank you very much.
        Mike Pulsifer
        • 11 Months Ago
        Nobody has an obligation to pay the maximum amount of taxes they can possibly pay. If someone else offers a better deal and corporations take it, good for them.
          • 11 Months Ago
          @Mike Pulsifer
          So all these corporations making profit selling to American citizens, using American roads, and American soil to make their business more profitable is ok. But asking them to pay their fare share in taxes to make our economy better, to improve federal budgets for states and schools, and other things is not? Awesome.