No Worries? US Exits Ownership Of Chrysler With Taxpayers Losing "Only" $1.3 Billion

Agent009 submitted on 7/22/2011 Auto Spies Photos Timestamp: 10:48:50 AM

Views : 7,688 | Category: Misc News | Source: | SOURCE: detnews.com

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It's official Italian automaker Fiat SpA is now the majority owner of Chrysler Group LLC - with a 53.5 percent majority stake - as both the U.S. and Canadian governments exited the automaker.

The U.S. Treasury completed the sale of its 6 percent stake in Chrysler to Fiat for $500 million. Fiat also acquired a 1.5 percent stake from the Canadian government for $125 million, Chrysler said in a filing today.



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No Worries? US Exits Ownership Of Chrysler With Taxpayers Losing

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