Turin

Fiat denies it is mulling headquarter relocation to U.S.

Reports Fiat was evaluating move

Fiat denies it is mulling headquarter relocation to U.S.

Turin, May 16 - A Fiat spokesman Thursday denied a media report stating the company was considering moving its headquarters to the US from Italy, the nation it has been based in since it was founded in 1899. ''This subject, which has already been discussed by news organizations from all over the world on many occasions, is not an issue that is being considered, as confirmed recently by Chief Executive Officer Sergio Marchionne''. Bloomberg on Thursday reported Marchionne was mulling the move from Turin, Italy, where Fiat is currently located.

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