(Reuters) -- Fiat S.p.A. said the idea of moving the group's legal headquarters to the United States following a planned merger with Chrysler Group is not on the company's agenda.
"This issue, treated several times in the last year by the world's media, is not the order of the day as the Chief Executive of Fiat, Sergio Marchionne, has recently reiterated," a Fiat spokesman said in a statement.
The statement referred to a Bloomberg report this week, citing people familiar with the matter, as saying Fiat was considering moving its headquarters to the United States.
No final decision on the headquarters has been made and other options are being examined, the people said, Bloomberg reported.
L. Brooks Patterson, the top executive of Oakland County, Mich., where Chrysler is based, had dinner with Marchionne in Turin last year while on a trade mission and pitched the idea.
"If it materializes, and I hope it does, it's good news," Patterson told Bloomberg. "I think it enhances the entire Motor City image. It is for us a coup, a home run. Actually a grand slam."
Marchionne said last month that he favored a primary listing in New York for the company.
The Fiat spokesman's comment, however, came after remarks by Marchionne on an April 29 conference call in which he said the company emerging from an expected merger of Fiat and Chrysler Group would be headquartered in the geographical region that has "the adequacy of capital markets (necessary to) support our operations going forward."
In the call, Marchionne, who is also CEO of Chrysler, added "Europe is becoming a less and less relevant fact in the scheme of things" as its share of the global auto market diminishes.
"Italy in 2012 represented 10 percent of the overall sales of this (Fiat) Group," said Marchionne. "And I think it's a stark reality for someone who has been a Fiat aficionado all his life. This is a different house. It looks at the world in a completely different way," Marchionne said on the call.
Fiat's dependence on Europe has been reduced drastically since it took control of Chrysler in 2009. The region in 2012 represented 24 percent of the group's 84 billion euros in revenue. When Marchionne was named CEO in 2004, Fiat relied on Europe for more than 90 percent of its 27 billion euros in sales.
Many observers expect the merged company to be headquartered in Auburn Hills and to be listed on the New York Stock Exchange, the world's most liquid stock market.
Fiat, which owns 58.5 percent of Chrysler, is based in Turin, Italy, a country now in the second year of a recession.
Fiat became 20-percent owner of Chrysler as the American company emerged from bankruptcy in 2009 funded by the U.S. and Canadian governments.
Before the locations for the listing and headquarters can be finalized, Fiat first has to buy the remaining 41.5 percent Chrysler staked owned by the UAWretiree health-care fund.
The two sides are disputing in court the price for a portion of the shares Fiat is seeking to buy by exercising options.