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Fiat Chrysler crowns merger with Wall St debut

But analysts say wooing US investors won't be easy as Monday listing comes amid profit warning from Ford and the US auto industry nearing its peak

Published Sun, Oct 12, 2014 · 09:50 PM

Wall Street

Milan

FIAT Chrysler Automobiles (FCA) makes its Wall Street debut to great fanfare on Monday, shifting the carmaker's centre of gravity away from Italy and capping a decade of canny dealmaking and tough restructuring by CEO Sergio Marchionne.

The world's seventh-largest auto group has sought the US listing to help to establish itself as a leading global player through access to the world's biggest equity market and the cheaper, more reliable source of funding it ultimately offers.

But M…

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Companies & Markets

Companies & Markets

Fiat Chrysler crowns merger with Wall St debut

Companies & Markets

Meta releases early versions of its Llama 3 AI model

Seatrium unit ordered to pay US$108 million in arbitration over equipment supply contracts

TSMC estimates losses of US$92.4 million due to Taiwan earthquake

Marina Bay Sands Q1 profit surges 51.5% to US$597 million on tourism boom

US: Wall St opens higher as some chip stocks bounce back after selloff

Blackstone reports 1% rise in Q1 earnings

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