Italy: Fiat offers US$125m for Canada’s Chrysler stake

In comments to reporters at a conference in Venice, Fiat's chief executive officer, Sergio Marchionne, confirmed the Italian OEM has offered US$125m to buy the Canadian government's stake in Chrysler Group. Fiat does not hold any call options to purchase the 1.5% fully diluted ownership interest in the US OEM Subscribe to Automotive World to … Continued

• By Webmaster
• June 6, 2011