Thursday, March 3, 2011

Fiat's Marchionne heads straight to 51% of Chrysler

During the presentation of the new Fiat at Geneva Motor Show 2011, Sergio Marchionne has reconfirmed its intention to go up in the capital azionarioChrysler up to 51 before the end of 2011. "In April - said the number one group - we begin to deal with a market standard by the end of ecoincentivi 12 months ago.

Although the application is stopped and the price of fuel is increasing, our long-term goals remain unchanged : 4 million cars in 2011 and 6 million in 2014. The climb in Chrysler shares will probably be completed before it returns to publicly traded on Wall Street. " In this case, the purchase of an additional 26% (now the Lingotto is 25%) would necessarily take place before the IPO as the title would cost much less.

The Lingotto should acquire two additional lots to the achievement of certain goals and could acquire an additional 16% (more details in depth). To do so, however, is the green light by the U.S. government, which in turn owns 9.2% of the shares. The negotiations, however, are ongoing.

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