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Fiat increases Chrysler stake to 25%

Fiat has increased its stake in Chrysler from 20% to 25% as expected.

The Italian manufacturer will increase its stake by another 5% when “Chrysler receives regulatory approval for an engine based on the Fiat FIRE for manufacturer in the UK and Chrysler commits to production”.

Fiat is expected to increase its stake further in the future and Sergio Marchionne has said Fiat could raise its stake to 50% before the end of this year.

Chrysler is now 63.5%-owned by the UAW union, 25%-owned by Fiat, 9.2%-owned by the US Treasury and 2.3%-owned by the Canadian government.

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