Report: Chrysler to become Fiat Chrysler Automobiles - 13abc.com Toledo (OH) News, Weather and Sports

Report: Chrysler to become Fiat Chrysler Automobiles

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The Detroit Free Press is reporting that Chrysler will soon be known as "Fiat Chrysler Automobiles."

If Fiat shareholders approve the proposal, the automaker will change names.

The plan comes eight days after Fiat closed its purchase of the Chrysler shares it didn't already own.

In addition, Fiat shareholders will receive one share of Fiat Chrysler Automobiles in return for each Fiat share they hold.

In addition the board is also proposing that the company be incorporated in the United Kingdom for tax purposes.

 

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