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Fiat Chrysler creates Dutch holding, sets tax domicile in UK

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(Globalpost/GlobalPost)

MILAN (Reuters) - Automaker Fiat <FIA.MI> 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.

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.

(Reporting by Agnieszka Flak; Editing by Lisa Jucca)

http://www.globalpost.com/dispatch/news/thomson-reuters/140129/fiat-chrysler-creates-dutch-holding-sets-tax-domicile-uk