Fiat could take majority control of Chrysler as early as 2013
 

<p>Filed under: <a href="http://www.autoblog.com/category/government-legal/" rel="tag">Government/Legal</a>, <a href="http://www.autoblog.com/category/plants-manufacturing/" rel="tag">Plants/Manufacturing</a>, <a href="http://www.autoblog.com/category/chrysler/" rel="tag">Chrysler, LLC.</a>, <a href="http://www.autoblog.com/category/fiat/" rel="tag">FIAT</a></p><a href="http://news.smh.com.au/breaking-news-business/fiat-can-take-over-chrysler-from-2013-20090501-ap99.html"><img vspace="4" hspace="4" border="1" src="http://www.blogcdn.com/www.autoblog.com/media/2009/05/86297402-580op.jpg" alt="" /></a><br /><br />We all know by now that Fiat will take an initial 20% stake in Chrysler in exchange for supplying the bankrupt automaker small-car platforms and fuel efficient drivetrains. Further down the road, Fiat will have the opportunity to purchase a large stake in Chrysler, upping its ownership to 35% and between 2013 and 2016, the Italian automaker can take an additional 16% share of Chrysler, bringing its total to 51% and gaining majority control. However, until Chrysler repays its loans to the U.S. Treasury, Fiat's share must be kept at 49%. For Fiat to take control of Chrysler, the crew from Auburn Hills will need to pay back over $10 billion in loans, and we remain suitable skeptical that Chrysler will be able to return the cash - particularly with new products from Fiat still 18 months away, at least.<br /><br />[Source: <a href="http://news.smh.com.au/breaking-news-business/fiat-can-take-over-chrysler-from-2013-20090501-ap99.html">SMH</a> | Image Source: Vittorio Zunino Celotto/Getty]<p style="padding:5px;backgr ound:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.autoblog.com/2009/05/01/fiat-could-take-majority-control-of-chrysler-as-early-as-2013/">Fiat could take majority control of Chrysler as early as 2013</a> originally appeared on <a href="http://www.autoblog.com">Autoblo g</a> on Fri, 01 May 2009 10:59:00 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://news.smh.com.au/breaking-news-business/fiat-can-take-over-chrysler-from-2013-20090501-ap99.html>Read</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/2009/05/01/fiat-could-take-majority-control-of-chrysler-as-early-as-2013/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/forward/1533902/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/2009/05/01/fiat-could-take-majority-control-of-chrysler-as-early-as-2013/#comments" title="View reader comments on this entry">Comments</a>

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