Chrysler becomes 100% Italian as FIAT buys remaining 41% stake

Friday, January 3rd 2014 - 00:30 UTC

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Shares in Italian car giant Fiat have jumped more than 15% following the announcement of its plan to buy the remaining 41% of Chrysler it does not own. Fiat has owned a majority stake in the US company since 2009. Read full article

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ChrisR
So the Yanks are selling out completely to the Italians?

Sounds like a good move for Veba, the healthcare trust affiliated to the United Auto Workers' union (UAW), particularly if things go spectacularly wrong with managing the debt.

At least they can now manage their investments themselves but I hope they keep well away from The Dark Country.
Jan 04th, 2014 - 05:21 pm - Link - Report abuse 0
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