Cars
Chrysler Files for IPO, Paves Way for Merger with Fiat
Chrysler Group today announced that it has filed a registration statement with the U.S. Securities and Exchange Commission for an initial public offering of common shares. The U.S. carmaker said the number of shares and the price range for the offering have not yet been determined. Read more »
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Now That's A "cash Cow": Ferrari’s Ipo Brings $893 Million For Fca [w/videos]
Fiat Chrysler Automobiles (FCA) raised $893 million (€800 million) from Ferrari’s US initial public offering at the New York Stock Exchange. As expected, the shares got priced at the top end of the marketed range as investor demand vastly...
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Fiat Says Chrysler Ipo Won’t Happen This Year
This week, Fiat announced that a Chrysler share sale in 2013 is no longer feasible. The Italian carmaker that holds a majority stake in Chrysler issued a statement saying the U.S. automaker will continue to work on the IPO (initial public offering),...
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Fiat Completes Purchase Of Chrysler From U.s. And Canadian Governments, Us Taxpayers Lose $1.3 Billion
The Fiat Group today purchased the remaining Chrysler LLC shares held by the U.S. and Canadian governments. The Italian company acquired a 1.5% fully diluted stake in Chrysler Group LLC from Canada for US$125 million, and a 6% stake from the United States...
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Chrysler Group To Repay $7.5 Billion Of Government Loans By The End Of June
In order to pave the way for Fiat to reach 51 percent ownership of the Chrysler Group, the Auburn Hills-based automaker announced today that it intends to repay in full the loans provided by the U.S. and Canadian governments back in 2009 ($7.53 billion...
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Report: Fiat Group May Raise Its Chrysler Stake From 20% To 51%
Italian carmaker Fiat may increase its stake in the Chrysler LLC group from 20 per cent it owns today to 51 per cent before an initial public offering (IPO) by the U.S. automaker, the firm's chief executive officer, Sergio Marchionne, told reporters...
Cars