IT: Fiat buys out Chrysler
Chrysler is now part of Fiat! The Italian firm announced on New Year’s Day this year that it would be acquiring the remaining shares of Chrysler owned by the VEBA worth $3.65 billion. The handover is expected to be completed by the 20th of January. The aim of the Fiat takeover of Chrysler is for Fiat to “fully execute its vision of creating a global automaker” under the new "unified ownership structure”. Fiat’s manufacturing standards and visions will be applied to the Chrysler plants as well, as part of the sales agreement, although no further details have been released .Pictures used for illustration purposes only.
OneShift Editorial Team
03 Jan 2014
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