Fiat Increases Stake In Chrysler To 30%

Fiat S.p.A. has increased its stake in Chrysler Group to 30 percent from 25 percent after meeting amended U.S. government requirements for raising the holding.

Fiat will sell Chrysler models, including those under a Fiat Group badge, in Brazil and Europe, instead of Chrysler, after executing franchise agreements with 90 percent of Fiat dealers in Latin America to carry Chrysler products as previously required, Chrysler said on Tuesday.




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aboodesta - 4/12/2011 8:34:43 PM

+2 Boost

Chrysler is gonna be on fire ;)