Wednesday, April 13, 2011

Fiat could rise more than 51% of Chrysler

It would seem not enough, the growing share of Chrysler Fiat in recent months. The transition from the initial 20% to 30% of the company, which occurred a few days ago, would be only the first step towards more defined objectives, targeted by Sergio Marchionne, Fiat's number one. The managing it during the second day of submission of Jeep models, said that "Chrysler is an interesting business, Fiat may also go up over 51%." A scenario not too far away given the speed with which the house of the Lingotto has formed an alliance with the American brand gaining more and more space.

Strategy among others that will apparently through the approval for the U.S. market Chrysler car with license plate technology course Fiat (something like 14 km route with a liter of gasoline), scheduled for the end of the year. Realistically, however, effective control with a 51% stake in Chrysler would be in 2012 for financial reasons and explicitly linked to the repayment of loans to the government.

Currently, the shareholder structure appears to be given to the UAW Veba 59.2%, 30% in Fiat and the remaining 8.6% and 2.2% respectively to the U.S. Treasury and the Government of Canada.

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