Fiat increases ownership of Chrysler Group to 30 percent
As had been widely expected for several days, Italian automaker Fiat has increased its ownership stake in Chrysler Group from 25 to 30 percent.
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.