Fiat says moving headquarters to US not on agenda

Italian carmaker Fiat said moving the group’s legal headquarters to the United States is not on the agenda.

“This issue, treated several times in the last year by the world’s media, is not the order of the day as the chief executive of Fiat, Sergio Marchionne has recently reiterated,” a Fiat spokesman said in a statement.

The statement referred to a Bloomberg report on Wednesday that cited people familiar with the matter as saying Fiat was considering moving its headquarters to the United States.

via Business feed http://www.scmp.com/business/companies/article/1239672/fiat-says-moving-headquarters-us-not-agenda