Cars
The Fiat Group announced today that it has raised its stake in Chrysler LLC from 20 to 25 percent, after the company met the first of three performance-related targets. The automaker received all governmental approvals and will begin production of the Fully Integrated Robotized Engine (FIRE) at its Dundee, Michigan, plant. Consequently, Fiat’s stake increased automatically under the terms of the Operating Agreement outlined on June 10, 2009. Read more »
- 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...
- 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...
- 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...
- Report: Fiat To Raise Chrysler Stake To 30 Percent Within The Next Few Weeks
Fiat SpA is planning to increase its Chrysler LLC Group stake to 30 percent in the next few weeks, according to insider sources quoted by Bloomberg news. The Italian company, which currently holds a 25 percent stake in Chrysler, will get an additional...
- 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...
Cars
Fiat Increases Chrysler Group Stake to 25%
The Fiat Group announced today that it has raised its stake in Chrysler LLC from 20 to 25 percent, after the company met the first of three performance-related targets. The automaker received all governmental approvals and will begin production of the Fully Integrated Robotized Engine (FIRE) at its Dundee, Michigan, plant. Consequently, Fiat’s stake increased automatically under the terms of the Operating Agreement outlined on June 10, 2009. Read more »
- 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...
- 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...
- 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...
- Report: Fiat To Raise Chrysler Stake To 30 Percent Within The Next Few Weeks
Fiat SpA is planning to increase its Chrysler LLC Group stake to 30 percent in the next few weeks, according to insider sources quoted by Bloomberg news. The Italian company, which currently holds a 25 percent stake in Chrysler, will get an additional...
- 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...