[net-gold] BUSINESS: ACQUISITIONS MERGERS : INDUSTRIES: AUTOMOBILE : BUSINESS: CORPORATIONS: NAMED CORPORATIONS: FIAT, CHRYSLER: Fiat Strikes $4.35 Billion Deal to Buy Rest of Chrysler
- From: "David P. Dillard" <jwne@xxxxxxxxxx>
- To: Net-Gold -- Educator Gold <Educator-Gold@xxxxxxxxxxxxxxx>, net-gold@xxxxxxxxxxxxx, Net-Gold <Net-Gold@xxxxxxxxxxxxxxx>, NetGold <netgold@xxxxxxxxxxxxxxx>, K-12ADMINLIFE <K12ADMIN@xxxxxxxxxxxxxxxxxxx>, K12AdminLIFE <K12AdminLIFE@xxxxxxxxxxxxxxx>, MediaMentor <mediamentor@xxxxxxxxxxxxxxx>, Nabble Groups Net-Gold <ml-node+s3172864n3172864h56@xxxxxxxxxxxxx>, Net-Platinum <net-platinum@xxxxxxxxxxxxxxx>, Sean Grigsby <myarchives1@xxxxxxxxxxxxxxx>, Net-Gold <NetGold_general@xxxxxxxxxxxxxxxxx>, Temple Gold Discussion Group <TEMPLE-GOLD@xxxxxxxxxxxxxxxxxxx>, Temple University Net-Gold Archive <net-gold@xxxxxxxxxxxxxxxxxxx>, "Net-Gold @ Wiggio.com" <netgold@xxxxxxxxxxxxxx>, Health Lists -- Health Diet Fitness Recreation Sports <healthrecsport@xxxxxxxxxxxxxxx>, HEALTH-RECREATION-SPORTS-TOURISM@xxxxxxxxxxxxxxxxxxx
- Date: Thu, 2 Jan 2014 02:33:19 -0500 (EST)
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BUSINESS: ACQUISITIONS MERGERS :
INDUSTRIES: AUTOMOBILE :
BUSINESS: CORPORATIONS: NAMED CORPORATIONS: FIAT, CHRYSLER:
Fiat Strikes $4.35 Billion Deal to Buy Rest of Chrysler
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Fiat Strikes $4.35 Billion Deal to Buy Rest of Chrysler
By Reuters
2 January, 2014, 08.20AM IST
Economic Times
http://economictimes.indiatimes.com/news/international/business/
fiat-strikes-4-35-billion-deal-to-buy-rest-of-chrysler/
articleshow/28250775.cms
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A shorter URL for the above link:
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http://tinyurl.com/q4h4dh3
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MILAN/DETROIT: Italian carmaker Fiat SpA struck a $4.35 billion deal to
gain full control of Chrysler Group LLC, ending more than a year of tense
talks that have obstructed Chief Executive Sergio Marchionne's efforts to
combine the two automakers' resources.
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The agreement, announced on Wednesday, cements Marchionne's reputation as
the industry's consummate dealmaker about a decade after he took the helm
of Fiat as a car business newcomer, analysts and bankers said.
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But it remains to be seen whether a merger will be enough to cut Fiat's
losses in Europe. Marchionne's plan to shore up Fiat depends on the
ability to share technology, cash and dealer networks with Chrysler, the
No. 3 U.S. automaker.
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"This is an increasingly American company now, because in Europe, and
especially in Italy, the business conditions remain difficult," said
Andrea Giuricin, transport analyst at Milan's Bicocca University. "Fiat
has already lost many of its market positions in Europe and it won't be
easy to recover that."
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Fiat will acquire the 41.46 percent stake in Chrysler it did not already
own from a retiree healthcare trust affiliated with the United Auto
Workers union.
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The complete article may be read at the URL above.
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Sincerely,
David Dillard
Temple University
(215) 204 - 4584
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