CEO Sergio Marchionne expects that within two years, Fiat S.p.A. has raised its holding in Chrysler Group to 35%. Last year, as part of the deal with the US government, Fiat took an initial 20% stake.
This agreement says that Fiat can add 15% more in three tranches based on hitting certain targets with the US government. Marchionne said this year, Fiat will begin increasing its stake in Chrysler. At a press conference after the group’s shareholder meeting last week, Marchionne said, “There are three steps of five percent.”
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