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Carmaker Fiat to Merge with Chrysler

FIAT CHRYSLER(CNN) — Italian automaker Fiat is leaving its home after 115 years to merge with Chrysler.

Fiat’s shareholders voted to approve the move Friday.

The new company will be incorporated under a new name–Fiat Chrysler Automobiles.

It’s expected to start trading on the New York Stock Exchange in October.

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