Italian prime minister to visit Chrysler HQ
Italian Prime Minister Matteo Renzi is scheduled to visit Chrysler’s Auburn Hills headquarters Friday.
Chrysler and Fiat SpA CEO Sergio Marchionne is expected to give the 39-year-old head of government a tour of the automaker’s massive world headquarters and technology center, which employs roughly 15,000.
Renzi’s Chrysler tour is closed to the public. It comes two days after he is scheduled to discuss how the U.S. and Europe can work together to spur economic growth and create jobs at a Council on Foreign Relations meeting in New York.
His visit to Chrysler’s headquarters is the most recent sign of the growing connection between Italy and Michigan thanks to the formation of Fiat Chrysler Automobiles NV, which is scheduled to be listed on the New York Stock Exchange on Oct. 13.
FCA, created following Fiat SpA’s acquisition of Chrysler earlier this year, is registered in the Netherlands and recently finalized a headquarters in London’s affluent West End business district.
The London headquarters was chosen for tax purposes and to avoid political controversy in the automakers’ current home countries. Chrysler — founded in the U.S. in 1925 — was part of the $85 billion automotive bailout using U.S. taxpayer money, and Fiat was founded in Italy in 1899.
Marchionne has continually downplayed the significance of a “headquarters,” saying many executives have worked between Auburn Hills and Italy for years.