Fiat Chrysler Automobiles Hits the Stock Market on Monday

Having cleared all regulatory hurdles, the merger between Fiat and Chrysler will become fully effective on Sunday, The Detroit News reports. The recently formed Fiat Chrysler Automobiles will issue common shares Monday on the New York Stock Exchange and Italian stock market.

It’s the final step in a process that began more than five years ago. Fiat took a stake in then-teetering Chrysler in June 2009 as part of the U.S. government’s $85 billion bailout of Chrysler, GM and their financing arms. The Italian automaker completed its acquisition of Chrysler in January 2014, and the FCA name was born. Trading of existing Fiat stock ends this Friday. Current owners will receive one share of FCA for every Fiat share they owned, Fiat said in January.

Read the full story from our friends at The Detroit News here.