Friday, June 3, 2011

Fiat officially rises to 52% of Chrysler

'S Official: Fiat rose to 52% of Chrysler to become the new owner of the American colossus. A few days ago, the Italian manufacturer had risen to 46% of the house of Detroit pay off the debts with the Government of the USA and Canada. This additional 6% was achieved through the exercise of the option by Fiat in the pre-road map signed less than 24 months ago with the U.S.

administration and linked to the achievement of certain economic and trade, including the return just the loan to the two North American governments. This 6% is equivalent to a maneuver by $ 560 million for 98,461 Chrysler shares held by the U.S. Treasury. Sergio Marchionne (pictured), for Fiat and Chrysler said that this further evolution of the Italian-American "accelerate the integration project aimed at creating a global manufacturer.

The Italian-Canadian manager again expressed gratitude to U.S. President Obama. Satisfaction was also expressed by the chairman of Fiat, John Elkann.

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