REUTERS

(REUTERS)

Joint Fiat Chrysler Group to Seek U.S. Listing

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Automaker Fiat said on Wednesday it would register the holding of its newly created Fiat Chrysler Automobiles group in the Netherlands and set its tax domicile in Britain, cementing a politically sensitive shift away from its home base in Italy.

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The decision comes after Fiat took full control last week of its U.S. unit, creating the world's seventh-largest carmaker.

Fiat said the combined group would have a primary stock market listing on the more liquid New York Stock Exchange and a secondary one in Milan.

The Italian group said the creation of the new group would have no impact on headcounts in Italy or elsewhere.