Who owns Chrysler Group?
The Mexican-built Fiat 500 will be on sale|
this year as a 2012 model.
Also see our news story dated 13th April 2011
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:
||63.5 per cent|
||25.0 per cent|
|| 9.2 per cent|
|| 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
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.