Fiat Chrysler Automobiles to be automaker's new name

The Detroit Free Press reports:

Fiat and Chrysler will become Fiat Chrysler Automobiles and its stock will be listed on the New York Stock Exchange if Fiat’s shareholders approve the proposal.

The proposal, approved by the board of directors, comes eight days after Fiat closed its purchase of the Chrysler shares it didn’t already own. Fiat, which became Chrysler’s controlling shareholder in 2009, acquired the remaining 41.5% of Chrysler shares owned by the UAW Retiree Medical Benefits Trust on Jan. 21 for $4.35 billion.

Great moments of crony capitalism.