Breaking: Fiat to Pay $1.27 Billion for Additional 16 % - Dodge Nitro Forum
Chrysler/Dodge/Jeep News Find out the latest scoop here!

LinkBack Thread Tools Display Modes
post #1 of 2 (permalink) Old 04-21-2011, 01:47 PM Thread Starter
Super Moderator
rickaren's Avatar
Join Date: Nov 2006
Location: Indiana
Posts: 22,847
Smile Breaking: Fiat to Pay $1.27 Billion for Additional 16 %

Fiat to Pay $1.27 Billion for Additional 16 Percent Stake in Chrysler

Alex Nishimoto on April 21 2011

A week ago, we reported that Fiat was increasing its stake in Chrysler to 30 percent by satisfying the governmentís criteria of earning $1.5 billion in profits outside the U.S. Negotiations to purchase an additional 16 percent stake from Chrysler shareholders have apparently gone smoothly, as Fiat has reached an agreement to pay $1.27 billion for the shares which will help get Fiat majority control of Chrysler.

As part of an option outlined in Fiatís initial purchase of 20 percent of Chrysler back in 2009, the additional 16 percent was expected to cost the Italian company up to $1.5 billion cash. However, the deal was struck sooner and cheaper than anticipated, giving Fiat a total stake of 46 percent. The final five percent Fiat will need for a controlling stake in Chrysler come from the U.S. Government. When the company can build a Fiat-based car in America that gets at least 40 mpg, Fiat can purchase the next 5 percent stake. The Fiat 500 might become that car, but current estimates put its highway mileage at only 38 mpg. Acquiring that additional five percent will bump Fiat up to a 51 percent stake, giving it majority control.

Although the deal to purchase the 16 percent from the shareholders has been negotiated, the exchange canít take place until Chryslerís debt has been settled. Fiat expects to pay off all its government loans by the second quarter, which would put the closing of the deal sometime in the coming months.


Nitro Year: 2007 (1 of 91,815 sold in 07)
Nitro Model: R/T 4X4 Stone White
CAT-BACK Exhaust, CAI, Projector Head Lamps
Fully-Equipped w/all factory options
rickaren is online now  
Sponsored Links
post #2 of 2 (permalink) Old 04-22-2011, 06:43 AM
Senior Member
dhh3's Avatar
Join Date: Apr 2011
Location: Fort Wayne, Indiana
Posts: 719
I read where the gov't is going to loose billions when they try to sell their remaining shares of GM. The initial IPO stock has already dropped in value from what it initially sold for a few months ago. I could never understand who in their right mind would buy that stuff, but it takes all kinds to make the world go round!

2011 Nitro Heat 4x4: Bright Silver Metallic, Dark Slate Gray; Customer Preferred Package 24C; Trailer Tow Group; Hood-to-Fender Stripes; Navus 2; Uconnect.
MODS: Sunroof; S/S Nerf Bars; Mopar CAI, Pedal Kit, Chrome Rear License Plate Brow, Chrome Exterior Package, Production Style Cross Bars, Deluxe Molded Splash Guards, Cargo Security Cover, Door Sills & 3.7L Emblem; Media Center 430; Kicker Speakers, Sub and Amps; Carbon Fiber Dash Kits; Heated Katzkin Leather.
dhh3 is offline  
Sponsored Links

  Dodge Nitro Forum > Dodge Nitro News & Polls > Chrysler/Dodge/Jeep News

Quick Reply

Register Now

In order to be able to post messages on the Dodge Nitro Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Please enter a password for your user account. Note that passwords are case-sensitive.


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes
Linear Mode Linear Mode

Similar Threads
Thread Thread Starter Forum Replies Last Post
Ram Offers Additional Paint Options rickaren Chrysler/Dodge/Jeep News 1 12-03-2010 12:22 PM
Fiat to source $1 billion in parts from India rickaren Chrysler/Dodge/Jeep News 0 09-03-2009 12:00 PM
Fiat to raise 1.8 Billion rickaren Chrysler/Dodge/Jeep News 0 07-23-2009 11:51 AM
BREAKING: Chrysler/Fiat 7 New Cars rickaren Chrysler/Dodge/Jeep News 4 02-08-2009 07:05 AM
BREAKING: Automakers to get $15 billion in federal loans rickaren Chrysler/Dodge/Jeep News 8 12-12-2008 04:20 PM

Posting Rules  
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

For the best viewing experience please update your browser to Google Chrome