Fiat exercises option to buy additional 3.3% of Chrysler sharesPurchase brings closer a merger of the two automakers
- September 10, 2014
- Automakers, Manufacturing, Production
- Posted by benny
- Comments Off on Fiat exercises option to buy additional 3.3% of Chrysler shares
Fiat today cheap jerseys exercised an option to raise its stake in Chrysler by 3.3 percent.
The move is part of CEO Sergio Marchionne’s <a href="http://www.cheapujerseys Home Page.com”>cheap jerseys step-by-step purchases intended to lead to full control of Chrysler and the creation of a merged company that would be able to compete better with industry leaders Things Toyota, General Motors and Volkswagen.
Including today’s purchase, Fiat has exercised three of its six-monthly options, increasing its stake to 68.49 percent.
Fiat has said it wants full control of Chrysler, which would give it access to some of Chrysler’s cash flow for investments in new models.
Chrysler Иммунитет has become Fiat’s most reliable profit generator as the Italian company struggles to end losses Frien in wholesale nba jerseys Europe that totaled 704 million euros ($903 million) in 2012 amid a