Fiat Confirms Interest in U.S. Stock Listing

Fiat-Chrysler CEO Sergio Marchionne confirms he is leaning toward a primary stock listing in New York City for the two carmakers after they complete their merger, as was reported last week.

Marchionne called the U.S. the "most efficient capital market I can get my hands on." Fiat's current primary listing is on the Milan exchange.

The CEO says that after the merger, the combined company would restructure and issue new stock to raise fresh capital.

Fiat aims to acquire the 41.5% of Chrysler it doesn't already own by next year. But first it must agree on a purchase price with the union-retiree healthcare trust that owns those shares. The two parties are currently about $3 billion apart on the stock's value.