Chrysler News: FCA Announces A Move To London For Its Headquarters

[William Maley]

At the moment, Fiat's headquarters is located in Turin, Italy; while Chrysler's headquarters is in Auburn Hills, MI. But with Fiat and Chrysler merged together, the company is planning a new headquarters. Reuters reports that CEO Sergio Marchionne announced that the headquarters of FCA will be in London, Great Britain.

"Headquarters will be in London. It's clear that group executive functions, the board, my office, some of my functions, need to operate out of London, but that doesn't mean that I'm giving up my operational responsibilities of the U.S. We will be multi-faceted ... we will do stuff everywhere," said Marchionne.

Marchionne has said that the move will not not affect jobs in Italy or in the U.S.

No timeframe was given as to when the move would happen.

Source: Reuters

William Maley is a staff writer for Cheers & Gears. He can be reached at [email protected] or you can follow him on twitter at @realmudmonster.

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[SoCalCTS]

I hope the whole thing fails and all the Fiat brands disappear. If it's no longer an American company why should I care?

[Drew Dowdell]

Such a strange choice... why not Dublin? At least there are huge tax benefits.

[G. David Felt]

This is the stupidest move ever just like their idiot potential investment of almost 8 billion in the alfa name plate of an almost dead line. They need to invest in their existing larger products to get world competitive products than waste money right now.

I do not blame them for leaving Italy, the unions are destroying that country.

[ZL-1]

Such a strange choice... why not Dublin? At least there are huge tax benefits.

Yep... Either Ireland or Holland would be the most logical choices given the favorable tax laws for holding companies in both countries...

[G. David Felt]

Should we place dates on how long Fiat will hold onto Chrysler/Dodge/Ram/Jeep before they have to either sell it off or make radical changes? MB had them for how many years? 9 years if I remember right before selling them off for a Buck!