Fiat Increase Stake In Chrysler Are More Takeovers Planned?
Monday, 26. April 2010
We expect to see some changes in ownership of car manufacturers as we come out of recession, the latest of which is the increased ownership of Chrysler by Fiat. The deal will include Jeep and Dodge. Fiat took a 20% stake in ailing Chrysler last summer and have announced an increase in their stake to 35% if targets are met over the next 2 years. Chrysler registrations were down by 42.8% last year over 2008. Future Read more »