Fiat and Chrysler
23 July 2011 by Bernhard Adriaensens
Canadian Finance Minister Jim Flaherty announced on July 21, 2011, Canada had sold to Fiat for US$ 140 million, from 1.5% stake in Chrysler he had since his rescue in 2009.
Canada will receive 125 million US dollars for its remaining 1. 7 percent ownership stake in Chrysler. This allows Fiat to hold 53.5% stake in Chrysler.
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©-2011 Marketing Automotive – Bernhard Adriaensens – International Consultant in Automotive Marketing and Management