MO­TOR­ING BRIEFS

Fiat owns Chrysler

South Waikato News - - SPORT -

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.

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