Breaking News: Fiat Confirms Plan to Take 35% Stake in Chrysler LLC

>> Tuesday, February 17, 2009

Confirming earlier reports, the Fiat Group and Chrysler LLC today issued a joint statement revealing that they have signed "a non-binding term sheet to establish a global strategic alliance." Under the agreement, Fiat will take an initial 35% equity interest in Chrysler with an option to increase its stake. However, the Italian automaker would not...

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