Fiat SpA creates new holding company TURIN — Moving toward its alliance with General Motors Corp., Fiat SpA creates a new holding company, of which Fiat owns an 80% share and GM 20%. The holding company became the new owner of Fiat Auto SpA assets on June 1. Fiat executives say nothing will actually change, rather it has to do with legal and fiscal regulations. All assets of the current Fiat Auto have been transferred to the new holding company, called “F.A. Industrie Automobilistiche ...

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