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Fiat Said to Target N.Y. Primary Listing in Italy Retreat

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Fiat SpA, Italy’s biggest manufacturer, may retreat further from its heritage by selecting New York as the primary exchange for its stock after a planned merger with Chrysler Group LLC.

Chief Executive Officer Sergio Marchionne is evaluating the Turin-based company’s switch from Milan, reflecting the carmaker’s shift to the U.S. for most of its profit and revenue, said four people familiar with the matter, who asked not to be identified because the talks are private. A Fiat representative declined to comment.