Chief Executive Sergio Marchionne's merger of carmakers Fiat and Chrysler will probably entail a U.S. share listing that cements North America as the group's new centre of gravity and further sidelines Italy.Two sources close to Fiat said it was likely to move its primary listing to New York as early as 2015 after a merger with Chrysler, the third-largest U.S. automaker, heralding a politically delicate shift of focus that reflects the operating facts.Chrysler already made more than half the group's first-half revenue, turning what would have been a 501 million euro ($690 million) loss for Fiat alone into a 435 million euro profit, while Fiat plants in Italy tick along at just 41 percent capacity, according to 2013 estimates from IHS Automotive.A listing move would help Marchionne distance himself from troubles in Europe, where thousands of Fiat's Italian workers are on state-backed temporary lay-off schemes, highlight its gains in the United States and convince a larger pool of investors that the merged company can take the fight to rivals General Motors and Ford Motor Co.
Ford Motor Company (Ford) is a producer of automobiles. Shares of F traded higher by 0.45% or $0.07/share to $15.51. In the past year, the shares have traded as low as $12.10 and as high as $18.02. On average, 40319300 shares of F exchange hands on a given day and today's volume is recorded at 46128800.
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