AUBURN HILLS (WKZO) -- A new name has been announced for the partnership of Fiat and Chrysler.
The Board of Directors for Fiat has approved the new company name of Fiat Chrysler Automobiles and said they will offer stock in the company on the New York Stock Exchange. The board also announced shareholders in Fiat will receive one common share of FCA for each Fiat share they currently own.
e newly formed company will be headquartered in the Netherlands. Fiat recently completed the purchase of the remaining shares of Chrysler held by the UAW Health Care Trust.