Fiat Plans 51% Stake in Chrysler This Year

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Fiat Plans 51% Stake in Chrysler This Year

Fiat may now own the 25-percent interest in Chrysler, though that’s not sufficient for them: by the finish of the year, says Fiat CEO Sergio Marchionne, a Italians will increase their interest to over 51% as well as own more than half of Chrysler.

While not an outright partnership (because Chrysler is substantially flattering heedful of those right right away, Marchionne aims to enlarge their stake incrementally, by 35% during a finish of a fourth entertain. And such a partnership hasn’t been ruled out nonetheless. Like the jilted bride (or a not long ago upheld Ms. Taylor), Chrysler just seems to can’t conflict shacking up with swarthy Europeans.

[Source: Reuters Italia]

Posted by admin   @   30 March 2011 0 comments
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