Fiat Paying $1.27 Billion to Up Ownership Faster than Expected
Fiat SpA CEO Sergio Marchionne said that Fiat’s ownership stake in Chrysler Group LLC will be going up to 51% later this year, and up to 46% in the second quarter. This will be two years faster than the loans had required as the company pays back its government loans.
Bloomberg, April 21, 2011
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Friday, April 22, 2011
Thursday, April 21, 2011
Used Days' Supply Down, Prices Up
CNW Research expects the April used-vehicle sales total to jump 10 percent. President Art Spinella also predicted retail prices should edge upward because of short supply. Overall, CNW thinks April's used-vehicle sales total could reach 3.6 million. The figure for the same month a year ago was 3.286 million.
Turn auto notes into cash.
Turn auto notes into cash.
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