Fiat Ready to Buy Out Rest of Government Shares

The Detroit Bureau - May 30, 2011

Fiat SpA has been in dis­cus­sions with Cana­di­an offi­cials and is prepar­ing to buy out the US and Cana­di­an gov­ern­ment remain­ing shares of Chrysler Group. Fiat cur­rent­ly holds 46% and would bring in a 1.7% stake owned by the Cana­di­an and Ontario gov­ern­ments and 6.6% cur­rent­ly owned by the US.





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