Wednesday, May 25, 2011

Fiat could rise to 54% of Chrysler by July

Since yesterday Chrsyler is "lighter", being able to get out from behind the debt of $ 7.6 billion to the governments of USA and Canada (5.9 billion to 1.7 billion in Washington and Ottawa). Fiat also with a capital injection of $ 1.26 billion is in possession of a new 16%, coming now to hold a major share of 46%, closer to the ultimate objective of an absolute majority.

But in the last hours as new rumors, reported by the authoritative Automotive News: Fiat could buy the remaining shares held by the U.S. government (6.6%) and Canada (1.7%) by the end of July, bringing to 54 %. In the second half of 2011 would then bought back the last tranche of 5% provided by the agreements of 2009.

If things really be so, the Lingotto later this year would be well above the threshold of control of Chrysler (51%), with the intention to climb further in the future.

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