A spokesman from Fiat S.p.A. told Auto Finance News that the cross-border merger agreement between the Europe-based Fiat and the United States-based Chrysler Group LLC would not change its relationship with Chrysler Capital.
Fiat’s board of directors approved the merger plan governing the merger of Fiat into its wholly-owned subsidiary, Fiat Investments N.V. The subsidiary, which is organized in the Netherlands, will be renamed Fiat Chrysler Automobiles N.V., or “FCA,” upon completion of the merger.
Following the merger, FCA will become the holding company for the group.
The merger plan will be submitted for approval to Fiat shareholders at a general meeting that is expected to be held on the third quarter of 2014, following all the required corporate and regulatory steps, which include registration with the U.S. Securities and Exchange Commission.
