Fiat to speed up takeover of Chrysler
Fiat, the Italian carmaker, says it is speeding up its planned takeover of Chrysler by paying back government loans to the US and Canada by the end of June and exercising its option to buy an additional 16 per cent stake in the US company for $1.27bn.
Italian car-maker Fiat has taken control of Chrysler to create a growing global player following one of the worst crises in the history of the United States automotive industry.