Tuesday, April 12, 2011

Fiat SpA Boosts Chrysler LLC Stake to 30 Percent


Fiat�s merger with the Chrysler Group seems to be going well as the Italian company increased its
overall stake in the Detroit automaker from 25 to 30 percent on Tuesday.

�The increase is the result of the Company�s achievement of the second of three performance-related milestones outlined in a recent amendment to its June 10 2009 Operating Agreement, which broadens the Chrysler Group-Fiat partnership and enhances Chrysler Group�s international market position,� Chrysler said in a press statement.

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