FCA US LLC is Chrysler Group LLC’s New Name, $2.5 Billion Convertible Bond Launched

FCA US LLC headquarters 1 photo
As I’m sure you know, LLC stands for limited liability company, the US-specific form of a private company. However, why the Chrysler Group LLC chose to take up the FCA US LLC name is something that boggles the mind. Mr. Sergio Marchionne, was this your idea?
We remind you that Sergio is now the helmsman at the most interesting brand in the Fiat-Chrysler portfolio ‘cos di Montezemolo stepped down from his seat at the Prancing Horse over a little argument.

To boot, Sergio orchestrated FCA to launch a $2.5 billion convertible bond and a share sale last Friday, in order to cut the Italo-American automotive conglomerate’s debts. Ferrari will also be spun off, with 10 percent of its stock to be listed on the market.

Nevertheless, Sergio played his cards well...

Since late October, when FCA’s numero uno announced his plans to the media, shares of the group hiked over 40 percent in value because investors are attracted by the prospect of buying Ferrari S.p.A. shares.

Many changes are happening at Fiat-Chrysler Automobiles NV at the present moment and by the way, the consortium is adamant the rebranding is effective immediately.

A statement reads that “the name change to FCA US LLC does not affect the company’s headquarters location in Auburn Hills, Michigan, its holdings, management team, board or brands.”

Whatever the future holds for the company, we sure hope the 2015 Dodge Challenger SRT Hellcat and 2015 Charger SRT Hellcat weren’t just some muscles flexing just for the proverbial 15 minutes of fame.

If FCA is able to develop and make vehicles like those two in the future as well, then my hat’s off to them.
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About the author: Mircea Panait
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After a 1:43 scale model of a Ferrari 250 GTO sparked Mircea's interest for cars when he was a kid, an early internship at Top Gear sealed his career path. He's most interested in muscle cars and American trucks, but he takes a passing interest in quirky kei cars as well.
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