Fiat Plans 51% Stake in Chrysler This Year
Published: March 30th, 2011
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Fiat may currently own a 25-percent stake in Chrysler, but that’s not enough for them: by the end of the year, says Fiat CEO Sergio Marchionne, the Italians will increase their stake to over 51% and own more than half of Chrysler.
While not an outright merger (because Chrysler is probably pretty wary of those right now), Marchionne aims to increase their stake incrementally, by 35% at the end of the fourth quarter. And such a merger hasn’t been ruled out yet. Like a jilted bride (or the recently passed Ms. Taylor), Chrysler just seems to can’t resist shacking up with swarthy Europeans.
[Source: Reuters Italia]
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