News Details
Fiat buys Chrysler in $4.35 billion deal
The Fiat Auto Group, the holding including the Ferrari Formula One team, has announced that it has struck a deal to buy the remaining shares of Chrysler in a deal worth $4.35 million.
The Italian carmaker also partially owned Chrysler but is set to become its only owner by 20 January. The deal will see $3.65 billion transferred from Fiat to the VEBA healthcare trust fund. $1.75 billion of that will be cash, while an additional $1.9 billion will be part of a 'special distribution.' An additional $700 million will be paid over four separate installments in exchange for continued support of the trust fund towards Fiat-Chrysler. The deal does not appear to have any direct impact to Ferrari and...
Full Story »
Full Story »
11y ago from F1Technical.net
0
You May Also Be Interested In...
Force India confirms ‘partnership’ with Motegi...
– Force India has concluded a new 'technical partnership' with...
11y ago from GPUpdate.net
Formula 1 Quotes of the Year for 2013
Formula 1 Quotes of the Year for 2013 31 December, 2013 It is time to...
11y ago from GrandPrix247.com
Formula 1 is facing a crisis warns Fernandes
Caterham team owner Tony Fernandes has warned that Formula 1 risks being...
11y ago from TheF1Times.com
Merc poaches Red Bull boffins Ellis and Wood
After parting ways with team boss Ross Brawn, the management-heavy...
11y ago from Formula1Blog.com
Elsewhere On The Network
Popular On MGPToday.com
Fabio Quartararo pushes for Yamaha V4, blames gap to...
No description available...
1h ago from Motorsport.com
Lap times revealed from Ducati's Balaton Park test...
No description available...
19h ago from Motorsport.com
Marc Marquez shares initial reaction to new MotoGP...
Marc Marquez shared his verdict on the new Balaton Park MotoGP circuit...
1d ago from MotorsportWeek.c...
What we know about Ducati’s Balaton Park test ahead...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Alex Palou claims FOX’s investment will be...
No description available...
1d ago from Motorsport.com
How Palou can clinch his fourth IndyCar championship...
Alex Palou is the man of the moment in IndyCar, and currently holds a 121...
1d ago from MotorsportWeek.c...
FOX Corporation acquires one-third stake in IndyCar...
No description available...
6d ago from Motorsport.com
Colton Herta: IndyCar at Laguna Seca is a...
IndyCar’s latest visit to Laguna Seca produced rave reviews from...
1w ago from MotorsportWeek.c...
Popular On TotalWRC.com
Future second Asian/Pacific event behind WRC calendar...
No description available...
2d ago from Motorsport.com
Sebastien Ogier sets sights on WRC 2025 title push
No description available...
3d ago from Motorsport.com
Kalle Rovanpera relieved to finally achieve...
No description available...
3d ago from Motorsport.com
WRC Rally Finland: Kalle Rovanpera takes historic home...
No description available...
3d ago from Motorsport.com
Popular On GunnersToday.com
Episode 839 – 'It's only pre-season'
Welcome to another episode of the Arsecast – the Arsenal podcast. In...
1h ago from Arseblog.com
Nicolas Pepe shares 2-word message to describe...
Nicolas Pepe left a two-word response on his Instagram account to Arsenal...
1h ago from SportsKeeda.com
Joe Cole predicts Arsenal to finish 4th; Owen...
Former Premier League stars Joe Cole and Owen Hargreaves have predicted...
3h ago from SportsKeeda.com
Former Premier League midfielder punched by...
Two former Premier League stars were among the players involved in a...
2h ago from SportsKeeda.com
Comments
Hottest News
Red Bull star backed to replace Lewis Hamilton in 'nasty'...
Bernie Ecclestone has forwarded two potential... Read More »
35m ago from RacingNews365.com
Alex Albon reveals how F1 drivers can ‘abuse the...
Alex Albon has said that the smartest F1 drivers... Read More »
4h ago from MotorsportWeek.com
Pirelli: No link between Colapinto crash in Hungary and...
Formula 1 tyre supplier Pirelli has firmly... Read More »
56m ago from F1i.com
