Cars
Chrysler announced that Fiat S.p.A.’s ownership interest in the company has increased from 53.3 to 58.5 percent, in accordance to the June 10, 2009 Operating Agreement.
- 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...
- Fiat Spa Boosts Chrysler Llc Stake To 30 Percent
Fiat’s merger with the Chrysler Group seems to be going well as the Italian company increased its overall stake in the Detroit automaker from 25 to 30 percent on Tuesday. “The increase is the result of the Company’s achievement of...
- Chrysler To Reopen Seven More Assembly Plants By End Of June
About a week after emerging from bankruptcy protection and finalizing a deal with the Fiat Group, Chrysler Group LLC confirmed today that in addition to the reopening of the Dodge Viper's Conner Avenue factory in Detroit on Monday, the firm plans...
- Chrysler - Fiat Deal Finalized After U.s. Supreme Court Clears The Path, Marchionne Appointed New Chrysler Group Ceo
The U.S. Supreme Court has finally cleared the way for the government-backed sale of Chrysler LLC to the Fiat Group. The Supreme Court rejected arguments from three Indiana pension funds and other opponents of the transaction to delay the deal while the...
- Daimler Agrees To Give Up Its 19.9% Stake In Chrysler
Mercedes-Benz's parent company Daimler has reached an agreement with Cerberus to let go of its remaining 19.9% stake in Chrysler LLC and write off a $1.5 billion loan that went to the American automaker in 2007. The new agreement will help Chrysler...
Cars
Dodge Dart gets "Unadjusted" 40 MPG Combined, Fiat Automatically Increases its Chrysler Stake by 5%
Chrysler announced that Fiat S.p.A.’s ownership interest in the company has increased from 53.3 to 58.5 percent, in accordance to the June 10, 2009 Operating Agreement.
As stipulated by the agreement, Chrysler issued a letter to the U.S. Department of Treasury stating that the company “has irrevocably committed†to begin assembly of a mass-production vehicle with a combined fuel economy of at least 40 mpg in a plant located in the United States.
Read more »- 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...
- Fiat Spa Boosts Chrysler Llc Stake To 30 Percent
Fiat’s merger with the Chrysler Group seems to be going well as the Italian company increased its overall stake in the Detroit automaker from 25 to 30 percent on Tuesday. “The increase is the result of the Company’s achievement of...
- Chrysler To Reopen Seven More Assembly Plants By End Of June
About a week after emerging from bankruptcy protection and finalizing a deal with the Fiat Group, Chrysler Group LLC confirmed today that in addition to the reopening of the Dodge Viper's Conner Avenue factory in Detroit on Monday, the firm plans...
- Chrysler - Fiat Deal Finalized After U.s. Supreme Court Clears The Path, Marchionne Appointed New Chrysler Group Ceo
The U.S. Supreme Court has finally cleared the way for the government-backed sale of Chrysler LLC to the Fiat Group. The Supreme Court rejected arguments from three Indiana pension funds and other opponents of the transaction to delay the deal while the...
- Daimler Agrees To Give Up Its 19.9% Stake In Chrysler
Mercedes-Benz's parent company Daimler has reached an agreement with Cerberus to let go of its remaining 19.9% stake in Chrysler LLC and write off a $1.5 billion loan that went to the American automaker in 2007. The new agreement will help Chrysler...