Fiat shareholders approve demerger plan
 

<p>Filed under: <a href="http://www.autoblog.com/category/fiat/" rel="tag">Fiat</a></p><div style="text-align: left;"><a href="http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2010/09/16/financial/f072858D35.DTL"><img width="250" vspace="4" hspace="0" height="283" border="1" align="right" class="right border" alt="Fiat 500" src="http://www.blogcdn.com/www.autoblog.com/media/2010/09/fiat500girlclassic.jpg" /></a>Sergio Marchionne got his way. This week, shareholders <a href="http://www.autoblog.com/2010/09/14/report-marchionne-to-ask-fiat-stockholders-to-demerge-the-compa/">approved his plan to separate Fiat S.p.A.</a> into Fiat Autos and Fiat Industrial. Marchionne believes that the two companies can work better without having to consider each others' divergent strategies. "Fiat Group Automobiles is destined to become, in combination with Chrysler, a leading global producer, reaching the threshold of 6 million cars a year by 2014," he said.</div>
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Nothing is expected to change at Fiat Auto S.p.A., with Marchionne retaining his CEO status. Fiat Industrial S.p.A., however, will put its own management in place under two two leaders: a CEO for Case-New Holland (CNH) and another for Iveco, the commercial truck brand. Marchionne will assume the role of chairman of Fiat Industrial, and he expects a <a href="http://www.reuters.com/article/idUSLDE68F18820100916">50 % growth in revenue </a>for that side by 2014, compared to a doubling of revenue on the auto side.<br />
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[Source: <a href="http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2010/09/16/financial/f072858D35.DTL">San Francisco Chronicle</a>]<p style="padding:5px;backgr ound:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.autoblog.com/2010/09/19/fiat-shareholders-approve-demerger-plan/">Fiat shareholders approve demerger plan</a> originally appeared on <a href="http://www.autoblog.com">Autoblo g</a> on Sun, 19 Sep 2010 12:35:00 EST. Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href=http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2010/09/16/financial/f072858D35.DTL>Read</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/2010/09/19/fiat-shareholders-approve-demerger-plan/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/forward/19636691/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/2010/09/19/fiat-shareholders-approve-demerger-plan/#comments" title="View reader comments on this entry">Comments</a>

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