The boss of the newly merged Fiat Chrysler Automobiles has confirmed its headquarters will be based at a London office.
This would mark a move away from both Fiat’s home in Turin, Italy, where it has been based for the last 115 years and Chrysler’s headquarters in Auburn Hills, outside Detroit.
It is expected the London office will be home to a number of employees as well as CEO Sergio Marchionne.
Speaking at a news conference for CNH Industrial, an agricultural manufacturer he is also head of, Fiat Chrysler Automobiles chief executive, Sergio Marchionne, said “The headquarters will be in London.
“It’s clear that group executive functions, the board, my office, some of my functions, need to operate out of London, but that doesn’t mean that I’m giving up my operational responsibilities of the U.S. We will be multi-faceted … we will do stuff everywhere.”
The move from Fiat to completely take control of Chrysler was completed in January this year in a deal worth a reported $4.35 billion. The acquisition has created the world’s seventh largest auto group
The move to London would be similar to something Mr Marchionne has carried out with CNH Industrial. In that instance, the firm’s London office has around two dozen employees.
By: Kirsty MacGregor
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