Fiat Considering U.S. Headquarters Move Sparks Concerns in Italy
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Fiat SpA’s deliberations over moving its headquarters to the U.S. after a merger with Chrysler Group LLC. sparked concern among Italian unions and politicians about the plans of the country’s biggest manufacturer.
Chief Executive Officer Sergio Marchionne is evaluating a switch to the U.S. from Turin, where Fiat was founded in 1899, three people familiar with the matter said. The CEO is considering the move because Fiat’s main sources of revenue and profit are shifting to North America, with 75 percent of 2012 operating earnings coming from the region.