Chrysler, Fiat get new name

Associated Press

DETROIT

Chrysler and Fiat will be known as Fiat Chrysler Automobiles NV as they move forward as a single company.

Fiat’s board of directors agreed on the new name Wednesday, with headquarters for tax purposes in the United Kingdom. But the board sidestepped the thorny political issue of whether the true headquarters would be in the United States or Italy.

Fiat and Chrysler also announced fourth-quarter and full-year earnings. Chrysler’s strong profits once again propped up its parent company, which otherwise would have lost money. Shares of the combined company will trade jointly on the New York Stock Exchange and in Milan, Italy, by Oct. 1.