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Fiat undertakes the full redemption of Chrysler

Very recently, we announced that Fiat would acquire 41.5% of the remaining shares of Chrysler LLC in order to take control.

This has now been done and the Italian manufacturer would have injected $ 4.35 billion to realize.

Redemption made possible thanks to an agreement between Fiat and Chrysler Employees'Beneficiary Voluntary Association (VEBA).

For the big boss of Fiat / Chrysler Group Sergio Marchionne, the next step will be to strengthen its new product development schedule, which will be unveiled in April 2014.