Italian car manufacturer Fiat is acquiring a 35% stake in US carmaker Chrysler. In return Chrysler gets access to Fiat’s green vehicle technologies and distribution network outside the US. The announcement was made by Cerberus Capital Management, which owns an 80% stake in Chrysler. The company’s other shareholder, Daimler AG, is reportedly seeking to sell its 20% stake.
Earlier this month, Chrysler, the smallest of the big three US carmakers received a USD4bn loan from the US Treasury.
StrategyEye's related categories: Traditional Vehicle Manufacturers
StrategyEye's related companies: Fiat, Cerberus Capital Management, Chrysler, Daimler AG
