Wednesday, March 30, 2011

Fiat to up its Chrysler stake to 35 per cent

Turin, Italy - Fiat intends to increase by 10 per cent its current 25 per cent controlling interest in US carmaker Chrysler, the chief executive of both companies, Sergio Marchionne, said Wednesday.
'We will soon bring our stake in Chrysler to 35 per cent, Marchionne said during a Fiat shareholders' meeting at the Italian company's Turin headquarters, indicating the move would happen soon....More

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