Is Detroit about to get a new automaker? The CEO of Italian auto giant Fiat (OTC:FIATY) recently said that he was considering moving the company's headquarters out of Italy -- where it has been since 1899 -- to the United States.

In this video, Fool.com contributor John Rosevear looks at why Fiat, which controls Detroit automaker Chrysler, might want to move to America -- and at what the implications would be for both Fiat and Chrysler.