Chrysler Group announced that from now on they will be called FCA US, as part of the new group Fiat Chrysler Automobiles, shares of which, are traded from October on the NYSE.
The name change does not affect the location of the company’s headquarters in Auburn Hills, Michigan, the portfolio, the management team, the board and tokens. The FCA US, along with the FCA, will continue to work with the business plan they presented at May 2014.
The FCA US employs more than 77,000 employees worldwide, with 96% of its workforce, to be located in North America. It has 36 plants worldwide, with 23 being located in the United States, 6 in Canada and 7 in Mexico. The FCA is the seventh largest automaker in the world in terms of total annual vehicle sales. By 2018, Sergio Marchionne wants to increase the annual sales by 60%, reaching 7 million sales, with the net profit of the group to be increased five times. Last Friday, the FCA issued a debenture bond of $ 2.5 billion and sold shares to reduce its debts. The FCA wants to invest €48 billion over the next five years in order to turn Alfa Romeo, Maserati and Jeep in worldwide known brands.