The Treasury Department says it has ended its investment in Chrysler LLC after Italian automaker Fiat SpA purchased the U.S. government’s remaining holdings in the auto company.
As the Fiat and Chrysler automakers go global, so do their unions.
Chrysler’s CEO says the end of government involvement in his company will make the future simpler, as they now try to merge two companies into one.
Italian automaker Fiat says it intends to buy the U.S. government’s remaining 6 percent stake in Chrysler
WWJ AutoBeat Reporter Jeff Gilbert spends some time in the small car that marks Fiat’s return to the U.S.
Fiat is preparing to raise its ownership stake in Chrysler from its current 30% to 46%, spending 1.3 billion dollars in order to increase its interest in Chrysler.
Fiat and Chrysler CEO Sergio Marchionne says the two automakers potentially could generate combined revenues of euro100 billion ($141 billion dollars) by 2014.
We look at the launch of the Fiat brand, the changing tastes of car customers, and the conversion of a truck plant to a compact car plant, and we test drive the new 2012 Ford Focus.
Fiat has arrived in Metro Detroit.
Fiat says they have raised their stake in Chrysler from twenty percent to twenty-five percent.