Fiat owns Chrysler
Fiat now owns Chrysler lock, stock and barrel. The Italian car maker agreed to buy the remaining 41 per cent stake in Chrysler from the UAW’s VEBA healthcare fund with the total amount coming to NZ$5.31 billion. Chrysler will contribute NZ$3.18b to the deal while Fiat kicks in the remaining NZ$2.13b. This is a giant milestone in the FiatChrysler relationship; expect worldwide expansion of every brand in the group.