Fiat plans to buy shares of governments in Chrysler
After having paid all recently $ 7.6 billion to repay loans made by American, Canadian and Ontario governments, Chrysler is now considering a purchase Units that still hold those governments.
At this time, the U.S. government still owns 6% stake in Chrysler while the Canadian and Ontario governments HOLD 1.7%.
Sergio Marchionne, boss of Fiat and Chrysler manager, account possibly meet the Canadian Finance Minister Jim Flaherty and his American counterpart to discuss and agree on most of the amounts to be paid to acquire the shares of the American manufacturer.
If everything goes normally, Fiat would spend its share in Chrysler to 52%. Forcing a passage for the Italian manufacturer who intends to possess by the end of the year 57% of Chrysler.