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 »
12y 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...
12y 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...
12y ago from GrandPrix247.com
Formula 1 is facing a crisis warns Fernandes
Caterham team owner Tony Fernandes has warned that Formula 1 risks being...
12y ago from TheF1Times.com
Merc poaches Red Bull boffins Ellis and Wood
After parting ways with team boss Ross Brawn, the management-heavy...
12y ago from Formula1Blog.com
Elsewhere On The Network
Popular On MGPToday.com
Marco Bezzecchi reveals how he dealt with ‘high...
Marco Bezzecchi admits he “didn’t want to think” about the...
8h ago from MotorsportWeek.c...
"The motivation isn't there anymore," says...
No description available...
7h ago from Motorsport.com
Moto2 points leader Manu Gonzalez knocking on...
No description available...
9h ago from Motorsport.com
Cal Crutchlow reveals shoulder problem that forced...
No description available...
12h ago from Motorsport.com
Popular On IndyCarToday.com
Graham Rahal rebounds from early hit-and-spin to take...
No description available...
6h ago from Motorsport.com
Kyle Kirkwood blames media for ‘disappointing’...
Kyle Kirkwood finished second in Sunday’s Detroit Grand Prix, but...
7h ago from MotorsportWeek.c...
Graham Rahal fumes over ‘completely unnecessary’...
On Sunday’s race in downtown Detroit, it seemed that Graham Rahal was...
11h ago from MotorsportWeek.c...
Scott McLaughlin says Will Power “gave me no...
No description available...
23h ago from Motorsport.com
Popular On TotalWRC.com
Why Sebastien Ogier couldn’t take the fight to Elfyn...
No description available...
1d ago from Motorsport.com
Elfyn Evans brings it home at home
Toyota Gazoo Racing dominated their most important rally of the season,...
1d ago from MotorsportWeek.c...
WRC Japan: Elfyn Evans claims second win of 2026 to...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal and Manchester United make contact for 80-goal...
Manchester United and Arsenal have both made formal enquiries for AC...
2h ago from CaughtOffside.com
Arsenal latest: Twenty-four arrests made at parade
No description available...
7h ago from SkySports.com
Champions League team of the season: Lamine Yamal,...
better highlight the whole field among Europe’s elite, we chose an XI...
8h ago from TheGuardian.com
Arsenal have shown me nothing brings joy, pain and...
s real and physical, it scars and heals: sport is a visceral high...
8h ago from TheGuardian.com
Comments
Hottest News
Kelly Piquet posts adorable photos of Lily Verstappen's...
Max Verstappen, Kelly Piquet, and their daughter... Read More »
53m ago from GPFans.com
Kimi Antonelli rated the sixth WORST driver in F1 as fans...
EA Sports have released their driver ratings for... Read More »
1h ago from GPFans.com
EA Sports F1 2026 Game Ratings Leave Championship Leader...
EA Sports have released their official driver... Read More »
53m ago from Formula1News.co.uk
