Chairman Agnelli candidly described the deal as "a classic petro-money recycling operation which will strengthen the Italian reserves, provide Fiat with fresh capital and give the group greater tranquility in which to carry out its investment programmes".

On 29 January 2014, it was announced that Fiat Group was to be merged with Chrysler Group into a new holding company Fiat Chrysler Automobiles (FCA). On 1 August 2014, Fiat Group received the necessary