Friday, March 25, 2011

Fiat: the move to Detroit increasingly likely

After a first partial admission of Sergio Marchionne, that a hypothesis about a possible transfer of the headquarters of Chrysler in Detroit, then was told to back off can save perhaps because of political pressure received, to make his way back the rumors that U.S. would like the country chosen as the venue for the direction of the Group which merged with the Turin manufacturer's U.S.

subsidiary. According to some rumors heard by the agency, in fact, the CEO of Fiat is working to improve what many described as a merger is announced, which should include your choice of Detroit as a city in which to transfer the registered office of the future group, look at that point relegate Turin and Italy to a secondary role.

Were the immediate reactions of trade unions, the CGIL ready to seek the intervention of the government to shed light on the issue and that the ILO, however, seems to prefer when the soft line, remaining firm on their positions based on official statements John Elkann Marchionne first and then about a month ago that had reassured about the future of Italian Fiat.

What is certain, however, is that the Lingotto seems willing to continue in the plan's plans to increase the participation of Fiat in Chrysler, possibly using an option that dates back to the rescue of American home that Fiat could go up to 51% capital, an option that according to some sources it should exercise before Chrysler back on the stock exchange after the consolidation that has worked in recent months.

Another interesting background emerged in the past few hours would then be the intention of a listing of Sergio Marchionne's Ferrari, Fiat would have found that a value of approximately EUR 5 billion: an operation that would follow the recent rise to 90% of the capital Maranello.

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