The Traderszone Network

Published in TZ Latest News 13 October, 2014 by The TZ Newswire Staff

Fiat Chrysler crowns merger with Wall Street debut

Fiat Chrysler Automobiles (FCA) (FCHA.MI)(FCAU.N) makes its Wall Street debut to great fanfare on Monday, shifting the carmaker’s center 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 U.S. “Only those willing to accept the risks of a highly leveraged turnaround situation in a competitive, capital-intensive, highly cyclical industry should consider investing,” said Richard Hilgert, an analyst at Morningstar, in a note.

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