Fiat Buys Rest of Chrysler

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    Jan 04, 2014 12:54 PM GMT
    Not bad! Basically, Fiat will have bought an entire car company for $6.5 billion including money its already paid. It also is using some of Chrysler own cash for part of the payment. It esssentially is buying the 41% owned by the UAW Trust for $4.35B. Remember Daimler-Benz paid $37B for Chrysler in 1998! Cerebus Capital bought 80% of it from Daimler for $7.4B in 2007. Then the bankruptcy a few years later.
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    Jan 04, 2014 5:46 PM GMT
    Another one going away ...icon_sad.gif
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    Jan 04, 2014 5:50 PM GMT
    neffa saidAnother one going away ...icon_sad.gif


    No I think Fiat has the brains and now with Chrysler the financial wherewithal to compete worldwide.