Next Car Pty Ltd 
Australia's Easy Reading New Car News Journal

Home | News | Road Tests



Who owns Chrysler Group?

www.nextcar.com.au (copyright image)

The Mexican-built Fiat 500 will be on sale
in USA this year as a 2012 model.

Also see our news story dated 13th April 2011 here.

Home > News > Chrysler Group


Related stories:
Fiat to increase stake in Chrysler Group LLC 8th May, 2011
Who owns Chrysler? 13th April, 2011


25th January, 2011

Chrysler Group announced earlier this month that Fiat's ownership interest in the Company has increased from 20 per cent to 25 per cent upon the Companyís achievement of the first of three performance-related 'milestones'.

As outlined last year, Chrysler Group issued an irrevocable commitment letter to the U.S. Treasury stating that the Company has received the appropriate governmental approvals and will begin production of the 'Fully Integrated Robotised Engine' (FIRE) in its Dundee, Michigan (USA), facility. As a result, Fiatís ownership interest increased automatically under the terms of the Operating Agreement.

The ownership interests of Chrysler Groupís members are now:

CINNAMON COLOUREDS FARMSTAY (copyright image)
Self-Catering Holiday
Accommodation in
Denmark, WA
..... more

UAW VEBA 63.5 per cent
Fiat 25.0 per cent
U.S. Treasury   9.2 per cent
Canadian Governments†   2.3 per cent

The first North American application of Fiat's 1.4-litre FIRE engine with MultiAir Technology will be in the new Mexican-manufactured Fiat 500, which Chrysler Group will begin to distribute soon through newly appointed dealers.

Fiat has the opportunity to further increase its ownership in Chrysler to 35 per cent, in 5 per cent increments, through two additional performance-related milestones. The first such milestone relates to revenue and sales growth outside of the North American region. The second milestone relates to production in the United States of a low fuel consumption vehicle based on a Fiat platform.


ROAD RAMBLINGS 
CLICK FOR DETAILS

Hear Chris Goodsell
Talk Motoring On
Radio & Internet
..... more


More Chrysler Group News ..... here
More Fiat News ..... here

Top of page

Next Car Pty Ltd 
Australia's Easy Reading New Car News Journal

About | Car Clubs | Home | News | Road Ramblings | Road Tests | Subscribe | Top Drive

©   2011   All rights reserved.   Next Car Pty. Ltd.