US: US Treasury Department agrees exit from Chrysler

The US Department of the Treasury has announced that it has reached an agreement to sell to Fiat its 6% fully diluted equity interest in Chrysler Group LLC and its interest in an agreement with the UAW retiree trust.  According to the Treasury, the expected total proceeds from the transaction, which Subscribe to Automotive World … Continued

• By Webmaster
• June 3, 2011