Dec 31 Shares in Fiat SpA FIA.MI and Fiat Industrial FI.MI will start trading as separate companies on Monday following a demerger of the Italian automaker's industrial assets.
The aim of the move is to unlock value and spur growth at the auto group. Chief Executive Sergio Marchionne has said the two units will be better placed to focus on their strategies with greater freedom to seek out alliances.
Here are some facts about the demerger:
-- To hold units for autos, parts and engines and other assets.
-- Targets 6 million cars produced by 2014.
-- Revenues to grow around 19 percent per year to 64 billion euros ($85.57 billion) in 2014 (without Chrysler).
-- Trading profit seen at 3.5 billion euros in 2014 from around 600 million euros in 2010.
-- Split seen boosting chance for merger with U.S auto maker Chrysler, 20 percent owned by Fiat.
-- Net industrial debt at 1.6-2 billion euros after break-up.
-- Net consolidated financial services debt at about 1.5 billion euros after break-up.
-- Sergio Marchionne will be CEO.
-- Company to include services such as accounting, purchasing, information technology and payroll for both groups
-- To hold CNH Global CNH.N farm equipment unit, Iveco truck segment and marine and industrial sectors.
-- Revenues targeted to rise to 29 billion euros in 2014 from more than 19 billion euros in 2010.
-- Trading profit targeted to rise to 3.3 billion euros in 2014 from around 600 million euros in 2010.
-- Net consolidated financial services debt at about 10 billion euros post-demerger.
-- Net industrial debt at 2-2.4 billion euros after break-up.
-- Sergio Marchionne to be chairman. Harold Boyanovsky will be CEO of CNH division and Alfredo Altavilla will be CEO of Iveco division.
(Reporting by Ian Simpson and Stephen Jewkes; Editing by Erica Billingham)