US: Fiat completes majority stake in Chrysler

Fiat has officially finalised its acquisition of a 53.5% majority stake (on a fully diluted basis) in Chrysler. The US Treasury completed the sale of its 6% stake in the OEM for US$500m while the Canadian governments have completed a 1.5% stake sale for US$125m, Chrysler stated in a regulatory Subscribe to Automotive World to … Continued

• By Webmaster
• July 22, 2011