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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