Tuesday, March 15, 2011

Chrysler: with Fiat is worth 5 times more

Begins to function Marchionne care for the Chrysler Group. The first to realize were the employees, who have been credited to the bank an extra few thousand dollars. Then a note of the manufacturer of Michigan says its market value has increased by five times within a year and a half if in mid-2009 estimates indicated a figure of 996 million dollars, those of 31 December 2010 stated that it was 4.8 billion, confirming that the group came from the darkest period of its history, when it was near bankruptcy.

Meanwhile, even the results on strong sales in 2010 (whereas the U.S.) increased 11%, Chysler tip to listing on Wall Street by the end of this year, with shares worth 7.95 in the present state dollars and that in mid-2009 were dramatically to 1.66. Among the most happy with this state of the art will be the top managers, including himself Marchionne, whose fees are contractually linked to the performance of the company through stock options.

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