Fiat Chrysler combo to set up home in London

|About: Fiat Chrysler Automobiles NV (FCAU)|By:, SA News Editor

Fiat Chrysler Automobiles is set to be based in London when Fiat (OTCPK:FIATY) and Chrysler complete the merger of their operations, CEO Sergio Marchionne says.

The U.K. capital represents something of a compromise between Michigan, where Chrysler is located, and Fiat's home country of Italy.

And as Pfizer is well aware, the U.K. offers attractive tax benefits.

Fiat will still keep manufacturing operations in Italy, and it plans to increase output of its Maserati and Alfa Romeo cars in the country. The company's main listing will be in New York.