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Fiat Chrysler Automobiles begins trading on NYSE

Published 13/10/2014, 14:53
© Reuters Fiat logo is seen on a Fiat vehicle displayed outside Chrysler World Headquarters during the FCA Investors Day in Auburn Hills

DETROIT (Reuters) - Fiat Chrysler Automobiles began trading Monday on the New York Stock Exchange under the symbol FCAU.N.

The U.S. listing caps a five-year odyssey for FCA Chief Executive Sergio Marchionne, who spearheaded the rescue of U.S.-based Chrysler after its 2009 bankruptcy.

Marchionne will ring the closing bell at the NYSE on Monday to mark the milestone for the 62-year-old car executive, who also revived one of Italy's top companies.

© Reuters. Fiat logo is seen on a Fiat vehicle displayed outside Chrysler World Headquarters during the FCA Investors Day in Auburn Hills

FCAU.N opened Monday on the NYSE at $9.00 (5.59 pounds), up from Friday's close of $8.70 for the predecessor company Fiat SpA. The stock rose to $9.32 in early trading.

(Reporting by Paul Lienert in Detroit and Agnieszka Flak in Milan; Editing by W Simon)

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