Fiat increases stake in Chrysler to 25%
 

<p>Filed under: <a href="http://www.autoblog.com/category/chrysler/" rel="tag">Chrysler</a>, <a href="http://www.autoblog.com/category/fiat/" rel="tag">Fiat</a></p><a href="http://www.autoblog.com/2011/01/10/fiat-increases-stake-in-chrysler-to-25/#continued"><img width="630" hspace="0" height="320" alt="Chrysler and Fiat logos" src="http://www.blogcdn.com/www.autoblog.com/media/2009/01/fiatchrysler_opt.jpg" /></a><br />
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<a href="http://www.autoblog.com/category/fiat">Fiat</a> is seriously commited to rebuilding <a href="http://www.autoblog.com/make/chrysler">Chrysler</a>, and to that end it's increased its stake in the Michigan-based automaker by an additional five percent.<br />
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The reshuffled ownership breakdown still leaves the United Auto Workers as the largest shareholder at 63.5%, with Fiat's stake now up to 25%, the U.S. Treasury Department retaining 9.2% and the Canadian government 2.3%.<br />
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The increased stake came with government approval as Chrysler meets certain performance parameters, in this case the production of the <a href="http://www.autoblog.com/2010/01/08/chrysler-releases-details-on-fiat-infused-fours-new-v6/">Fully Integrated Robotized Engine (FIRE)</a> at its plant in Dundee, Michigan. <br />
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Fiat will have the opportunity to increase its stake by another five percent when it demonstrates growth in overseas markets, and again with the production of a 40 mpg vehicle in the United States. At that point Fiat will have had the opportunity to increase its stake to a maximum of 35%. Details in the press release <a href="http://www.autoblog.com/2011/01/10/fiat-increases-stake-in-chrysler-to-25/#continued">after the jump</a>.<br />
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[Source: Chrysler]<p><a href="http://www.autoblog.com/2011/01/10/fiat-increases-stake-in-chrysler-to-25/" rel="bookmark">Continue reading <em>Fiat increases stake in Chrysler to 25%</em></a></p><p style="padding:5px;backgr ound:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.autoblog.com/2011/01/10/fiat-increases-stake-in-chrysler-to-25/">Fiat increases stake in Chrysler to 25%</a> originally appeared on <a href="http://www.autoblog.com">Autoblo g</a> on Mon, 10 Jan 2011 16:23:00 EST. Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href="http://www.autoblog.com/2011/01/10/fiat-increases-stake-in-chrysler-to-25/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/forward/19795087/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/2011/01/10/fiat-increases-stake-in-chrysler-to-25/#comments" title="View reader comments on this entry">Comments</a>

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