Fiat Merges with Chrysler

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Italian automaker Fiat approved a merger with American car company Chrysler last week. Reflecting an auto-industry shift away from national champions, Fiat Chrysler Automobiles NV will be based in the UK and run by Italian-Canadian CEO Sergio Marchionne.

Fiat Says Ciao to Italy as Merger With Chrysler Ends Era | Bloomberg

(Image credits: Fiat)