Photo: http://thestar.blogs.com
After announcing Alfa Romeo’s joint-effort with Mazda, to design and build the new MX-5 and an Alfa-equivalent, Fiat (Alfa Romeo’s parent company) is likely to increase its stake in Chrysler from the current 58.5%, to 61.8%, within the coming month of July.
According to Sergio Marchionne, Fiat CEO, it is very likely for the Italian automaker to buy 3.32% of Chrysler’s total shares, currently owned by the UAW Retiree Medical Benefits Trust, until 40% of their interest has been acquired. Fiat is aiming big, and with a capable leader like Marchionne, who turned the company into a profitable one, marking the turnaround for the brand in 2006, the future seems bright.
Furthermore, Marchionne said that one of his primary goals is to merge Fiat and Chrysler into a single automakers, with a target of 6-million cars and trucks sold around the world, by the year 2015.
Story via Detroit Free Press
Furthermore, Marchionne said that one of his primary goals is to merge Fiat and Chrysler into a single automakers, with a target of 6-million cars and trucks sold around the world, by the year 2015.
Story via Detroit Free Press
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