Two year Fiat will increase to 35% of Chrysler Corp
Super cars news, comprehensive foreign coverage Italy car manufacturers group Fiat (Fiat s.p.a.) plan in future years to held by group Chrysler (Chrysler Group) shares increased to 35%.
Fiat CEO Malchow (Sergio Marchionne) March 26, interview: "Fiat will increase gradually from the beginning of this year's shares held by DaimlerChrysler. Fiat and then another 15% shareholding in the Chrysler Corp's goal will be achieved in three stages, each stage of the holdings of 5% of the shares. The overall objective will be achieved in two years. ”
In 2009, Fiat and in bankruptcy protection phase of Chrysler restructuring, and get a 20% stake in Chrysler. Under the restructuring agreement, if the United States can be reached at Fiat, the Government set targets, Fiat can increase Chrysler 15% of the shares.
[Edit: darkogao]