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WDKX.com » Blog » Fiat Strikes $4.35 Billion Deal To Buy Rest Of Chrysler
Jan 2nd 2014 6:38 am
Fiat Strikes $4.35 Billion Deal To Buy Rest Of Chrysler
by news


MILAN/DETROIT: Italian carmaker Fiat SpA struck a $4.35 billion deal to gain full control of Chrysler Group LLC, ending more than a year of tense talks that have obstructed Chief Executive Sergio Marchionne's efforts to combine the two automakers' resources.

The agreement, announced on Wednesday, cements Marchionne's reputation as the industry's consummate dealmaker about a decade after he took the helm of Fiat as a car business newcomer, analysts and bankers said.

Source:Economictime