Fiat announced today the day to be increased to 46% ownership in Chrysler. The next target of the Lingotto now is to achieve the goal-that of 51% - by the end of 2011. The announcement has been defined by Sergio Marchionne a "major step". "We decided to up the tempo as much as possible to speed up the creation of a single group.
Chrysler is following an extraordinary journey of recovery in the industrial and economic development and Fiat is ready to take control, "says Marchionne. The ad also claimed that Fiat will consolidate the accounts of Chrysler in its financial statements, perhaps before you even reach 51% of the capital of the manufacturer overseas.
Even for John Elkann, as reported by the AG, the operation "marks a historic step for Fiat and Chrysler." Through the alliance, according to the chairman, Fiat automotive group will create a stronger, with a full range, present in all markets of the world and can compete with anyone. " Coming to the financial details of the operation today, Fiat will exercise the full "incremental equity call option and simultaneously subject to the completion by Chrysler in the second quarter of 2011 of a refinancing, which will see the company repay debts to the U.S.
and Canadian governments, "explains BorsaItaliana. The total price for the exercise of the call option will be $ 1.26 billion. Today we also saw the award of an award on Marchionne, the first Italian to enter the top 100 most important men in the world, compiled by Time in 1999. Readers of the magazine placed him in 51st place overall, as stated on the website of TgCom. 
Chrysler is following an extraordinary journey of recovery in the industrial and economic development and Fiat is ready to take control, "says Marchionne. The ad also claimed that Fiat will consolidate the accounts of Chrysler in its financial statements, perhaps before you even reach 51% of the capital of the manufacturer overseas.
Even for John Elkann, as reported by the AG, the operation "marks a historic step for Fiat and Chrysler." Through the alliance, according to the chairman, Fiat automotive group will create a stronger, with a full range, present in all markets of the world and can compete with anyone. " Coming to the financial details of the operation today, Fiat will exercise the full "incremental equity call option and simultaneously subject to the completion by Chrysler in the second quarter of 2011 of a refinancing, which will see the company repay debts to the U.S.
and Canadian governments, "explains BorsaItaliana. The total price for the exercise of the call option will be $ 1.26 billion. Today we also saw the award of an award on Marchionne, the first Italian to enter the top 100 most important men in the world, compiled by Time in 1999. Readers of the magazine placed him in 51st place overall, as stated on the website of TgCom.
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