Fiat confirms plan for 35% Chrysler stake

Fiat S.p.A. and Chrysler LLC confirmed Tuesday that the Italian company intends to acquire an initial 35 percent stake in the U.S. carmaker. The deal will give Fiat the scale it needs to survive, while Chrysler can expand its product portfolio to include small, less-polluting cars. Chrysler said on Tuesday the deal, which involves no cash investment, [...]

View article...