Next step is to get listed on New York Stock Exchange

It’s official: the shareholders of Fiat, including the Agnelli family, have approved a merger with Chrysler at their final shareholders meeting.

The newly merged company – Fiat Chrysler Automobiles – will be incorporated in the Netherlands and headquartered in London.

According to Automotive News, the merger will result in FCA being the seventh largest automaker in the world.

Chairman John Elkann also took the chance to reassure shareholders the Agnelli family is not looking to cash out, standing firmly behind the automaker’s future amid rumours of a Volkswagen buyout.

“I want to confirm today my own and my family’s commitment to continue to support Fiat Chrysler Automobiles, even more so now that there are big opportunities on the horizon,” Elkann said.

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