Fiat chief Marchionne to head up Chrysler
Fiat chief executive Sergio Marchionne, seen here in 2007, will head up US automaker Chrysler after its bankruptcy procedure and tie-up with the Italian group are completed.
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.