#Majority
Fiat Gets A Deal On Chrysler: Majority For $1.27 Billion
In a few months, Fiat will own 46 percent of Chrysler, Fiat announced today in Turin. With another 5 percent milestone reached by the end of the year, Fiat will have the 51 percent majority in Chrysler. According to Germany’s Automobilwoche [sub], the 46 percent level will be reached after Chrysler has paid back the government loans. Payment of the loans is expected for the second quarter of 2011.
Bertel Schmitt
Apr 21, 2011
20
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