Fiat Officially Owns 100 Percent of Chrysler

Published on January 23, 2014 in News by Gilles Olivier

Recently we announced that Fiat would acquire 41.5% of the remaining shares of Chrysler LLC to take control.

This transaction now been completed and the Italian manufacturer has injected $4.35 billion to achieve it.

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The purchase was made possible through an agreement between Fiat and Chrysler Employees' Beneficiary Voluntary Association (VEBA).

For Fiat / Chrysler Group big boss Sergio Marchionne, the next step is to build its new product development schedule, which will be unveiled in April 2014.