Fiat's stake in Chrysler has increased to 53.5 per cent, which is set to rise again soon
22 July 2011

Italian car-maker Fiat has increased its stake in Chrysler to 53.5 per cent.

The firm’s shareholding increase comes after Fiat completed its purchase of a 6 per cent stake from the U.S. Treasury (worth £308m) and a 1.5 per cent holding from Canada (worth £77m).

CEO Sergio Marchionne is now looking to appoint a group of managers to oversee both companies.

Read about Fiat's stake increase in April During its bankruptcy in the financial crisis the US treasury split Chrysler into ‘old Chrysler’ and ‘new Chrysler’. Marchionne-lead ‘new Chrysler’ has also been successful in paying off government loans borrowed during the crisis.

Later this year, Fiat's stake in Chrysler is expected to rise again to 58.5 per cent.

Kabeer Mahajan

See all the latest Fiat reviews, news and video

Add your comment

Log in or register to post comments

Find an Autocar car review

Driven this week

  • Jaguar XF Sportbrake TDV6
    First Drive
    19 October 2017
    The handsome Jaguar XF Sportbrake exhibits all the hallmarks that makes the saloon great, and with the silky smooth diesel V6 makes it a compelling choice
  • Volkswagen T-Roc TDI
    First Drive
    19 October 2017
    Volkswagen's new compact crossover has the looks, the engineering and the build quality to be a resounding success, but not with this diesel engine
  • BMW M550i
    First Drive
    19 October 2017
    The all-paw M550i is a fast, effortless mile-muncher, but there's a reason why it won't be sold in the UK
  • Volvo V90
    First Drive
    19 October 2017
    The Volvo V90 is a big estate ploughing its own furrow. We’re about to see if it is refreshing or misguided
  • Kia Stonic
    First Drive
    18 October 2017
    Handsome entrant into the bulging small crossover market has a strong engine and agile handling, but isn’t as comfortable or complete as rivals