Fiat to purchase a bigger stake in Chrysler in the second quarter of 2011

Analysts at UBS AG said that Chrysler Group LLC, which is operated by Fiat S.p.A., may refinance U.S. government loans by March, enabling Fiat to purchase a bigger stake in the second quarter. Philippe Houchois, the London-based lead analyst on a UBS report, told clients that in Fiat’s de-merger roadshow meetings, it is clear that taking control of Chrysler is a priority.

Fiat has been making moves to spin off its truck and tractor divisions to focus on carmaking and as part of this plan, it has been briefing analysts.
Read Article

PUGPROUD - 12/18/2010 8:37:04 AM

+2 Boost

Having consummated 150 acquisition during my career it became clear that unions of companies that truly have complementry elements have the best chance for success. Fiat needs Chrysler's US distribution channel
and current revenues to reestablish itself in America. Unlike Mercedes.
The auto industry is tough but the elements are here for a chance to succeed. Time will tell.