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Cars Thread About, Fiat Raises Chrysler Stake To 30%


Fiat Raises Chrysler Stake To 30% Marchionne looking to eventually own more than half of the Detroit automaker. (autos.AOL.com) by ...
 
 
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Old 04-14-2011, 04:42 PM   #1
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Thumbs up Fiat Raises Chrysler Stake To 30%

Fiat Raises Chrysler Stake To 30%
Marchionne looking to eventually own more than half of the Detroit automaker.
(autos.AOL.com)



by Michael Zak

07:42:07PM (DST) Thursday,April 14,2011.

After meeting benchmarks set by the U.S. federal government, Italian automaker Fiat increased its ownership in Chrysler Group LLC from 25% to 30% on Tuesday. Fiat's stake can rise to 35% once it begins production of a 40 MPG vehicle in the United States.

More-->Fiat Raises Chrysler Stake To 30%

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* Another plus for Chrysler.
Newly redesigned vehicles looking good. *
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