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Fiat cuts 2014 profit forecast, hit by Latin America

By Agnieszka Flak MILAN/DETROIT (Reuters) - Italian automaker Fiat <FIA.MI> has cut its 2014 profit guidance just after taking full control of U.S. unit Chrysler, as a cooling of its large Latin American market eroded earnings. Fiat on Wednesday reported fourth-quarter results below analyst expectations, triggering a 4 percent fall in its shares.

Fiat shares lead Milan losers with 6 percent fall

MILAN (Reuters) - Fiat <FIA.MI> shares were suspended from trading due to excessive losses on Milan's bourse on Tuesday after the automaker cut its 2014 profit forecast. The shares were halted after dropping 6.3 percent to 7.07 euros to lead losers on a broadly flat Italian blue-chip index <.FTMIB>. (Reporting by Isla Binnie, editing by Danilo Masoni)

Fiat Chrysler creates Dutch holding, sets tax domicile in UK

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 HQ move risks political pain for tax gain

By Agnieszka Flak and Laurence Frost MILAN/PARIS (Reuters) - Fiat <FIA.MI> boss Sergio Marchionne, the veteran dealmaker who has just wrested full control of Chrysler from its retirees, is about to unveil his next trick: moving the group's 115-year-old headquarters out of Italy. While Marchionne has said a New York share listing is on the cards, he is likely to base the new company in Europe under a tax-efficient UK domicile, sources close to the company say.

Chrysler dealers upbeat about purchase of US automaker by Italy's Fiat

NEW ORLEANS - Chrysler dealers from around the U.S. seem revved up by the purchase of the U.S. carmaker by Italy's Fiat SpA. They were attending the National Automobile Dealers Association convention in New Orleans on Saturday — four days after Fiat announced that it had bought the last big chunk of Chrysler stock to make the U.S. company a wholly owned subsidiary.

Fiat-Chrysler to seek US stock listing, British base

The newly combined Fiat-Chrysler automaker will seek a fiscal domicile in Britain and a stock listing on a New York exchange, The Wall Street Journal reported Saturday. Fiat chief executive Sergio Marchionne, who has overseen the company's gradual purchase of Chrysler since 2009, is set to make the proposal to the board next week, people familiar with the plans told the Journal. The Italian automaker completed its acquisition of Chrysler this week in a $4.35-billion transaction after a five-year merger that creates a new global car giant.

Fiat completes acquisition of Chrysler, now a wholly owned subsidiary of Italian company

MILAN - The Italian carmaker Fiat says its acquisition of the final Chrysler stake is complete, making the U.S. car company a wholly-owned subsidiary of Fiat. Fiat SpA said Tuesday that it closed the deal announced Jan. 1 with the cash payment of $1.75 billion to a union-controlled trust fund. That's on top of an initial $1.9-billion payment, which was arranged through a special distribution from Chrysler. Fiat also made the first installment on an additional $700 million payment.

Government ending investigation into older-model Jeeps involved in fires

DETROIT - The government is closing its investigation into older-model Jeeps with fuel tanks that could rupture and cause fires. The National Highway Traffic Safety Administration said Friday it has "no reservations" with Chrysler Group's plans to recall the vehicles. The agency is expected to release a report on its investigation in a few weeks.

Fiat's Marchionne: savior of Fiat and Chrysler

Brash Fiat chief Sergio Marchionne was welcomed as a hero at the Detroit Auto Show this week after completing the takeover of US automaker Chrysler. On January 1, Marchionne sealed the deal to buy the 41.5 percent of the number three US automaker that Fiat did not already hold, after months of tough negotiations with the seller, the union's retirement health fund. He made no effort to hide his happiness over the deal in Detroit, calling it "the high point of 2014 for me." "It had to get done; it's like going to the dentist," he said.

GM wins awards, Ford turns heads at Detroit auto show

General Motors' Chevrolet unit swept car and truck of the year honors but Ford's use of aluminum in its F150 sparked new debate on the first day of the Detroit auto show Monday. The show also saw the debut appearance of Mary Barra as GM's new chief executive -- the first woman ever to lead a major auto maker; Fiat-Chrysler boss Sergio Marchionne pledging to oversee the union of the two for at least the next three years; and Ford chief executive Alan Mulally still in his job, after finally scotching talk he was headed to Microsoft.
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