The boss of the Italian carmaker Fiat, Sergio Marchionne, announced Sunday, February 3, at a theater in Turin (north), he had complete the merger of Fiat with Chrysler’s . subsidiary in 2014.
“We will succeed in doing it. Veba With [attached to a powerful . auto union UAW fund, which is a shareholder of Chrysler] we have different opinions on the value of Chrysler but we solve the problem in 2014,” assured Mr. Marchionne , interviewed by the editor of the newspaper La Repubblica.
Asked whether the group will maintain its headquarters in Turin or elsewhere, Marchionne said: “We are a big present in everyone group will depend on the access to financial markets and the choice of the family [founder] Agnelli. ” He also said “he had not yet thought of” the future name of the group, when asked if he would be called Fiat or Chrysler.
In late January, announcing a net profit of billion in 2012 Fiat mainly from gains from Chrysler, Marchionne had said the irreversibility of their marriage. Fiat owns more than 60% of Chrysler and has to take full control by 2015.
The UAW union, a minority shareholder of Chrysler, has recently announced its intention to list on the stock exchange a share of of shares in Chrysler, but Marchionne these steps will not prevent forward a merger between two groups. According to the head of Fiat, negotiations with Veba “basically boil down to a question of money.”