Fiat Chrysler Automobiles Shares Begin Trading on NYSE
Photo courtesy of Fiat Chrysler.
Fiat Chrysler Automobiles began trading shares on the New York Stock Exchange on Oct. 13, as the final cementing of the Fiat-Chrysler marriage that was finalized in January.
Fiat Chrysler Automobiles NV was created Sunday when Fiat SpA and the Chrysler Group were merged into the new entity. The company's shares will trade on the NYSE under the ticker symbol FCAU. Shares closed at $8.92 after peaking at $9.55.
The combined company is now the world's seventh largest automaker with brands including Alfa Romeo. Maserati, and Ferrari. The company is introducing more Fiat models to U.S. buyers through Chrysler dealerships.
The company has begun a five-year growth plan that will feature a host of new-model introductions in most major global markets, including a proposed doubling of Jeep sales.