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 »
10y 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...
10y 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...
10y ago from GrandPrix247.com
Formula 1 is facing a crisis warns Fernandes
Caterham team owner Tony Fernandes has warned that Formula 1 risks being...
10y ago from TheF1Times.com
Merc poaches Red Bull boffins Ellis and Wood
After parting ways with team boss Ross Brawn, the management-heavy...
10y ago from Formula1Blog.com
Elsewhere On The Network
Popular On MGPToday.com
Quartararo: Marquez's Honda exit ‘woke a lot of...
Fabio Quartararo believes Marc Marquez's exit from Honda last term 'woke a...
18h ago from MotorsportWeek.c...
Could Acosta get a Verstappen-like mid-season...
No description available...
22h ago from Motorsport.com
Marquez: Rossi-like Acosta can't be ruled out of...
No description available...
2d ago from Motorsport.com
Quartararo stresses ‘quality over quantity’ with...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Power “didn't have any defense” against Dixon due...
No description available...
14h ago from Motorsport.com
Brake issues hinder Rosenqvist’s chances for victory...
No description available...
14h ago from Motorsport.com
Arrow McLaren confirms Pourchaire for Barber...
No description available...
22h ago from Motorsport.com
Pourchaire earns second IndyCar outing with Arrow...
Arrow McLaren announced Tuesday morning that Theo Pourchaire will driver...
21h ago from MotorsportWeek.c...
Popular On TotalWRC.com
FIA not at war with manufacturers over 2025 WRC...
No description available...
1d ago from Motorsport.com
ERC star Sesks secures WRC Rally1 graduation with...
No description available...
2d ago from Motorsport.com
Ford simulator boosting M-Sport WRC Puma performances
No description available...
16m ago from Motorsport.com
Mārtiņš Sesks to drive M-Sport Ford Puma Rally1 in...
Latvia’s Mārtiņš Sesks will benefit from the support of WRC Promoter...
1d ago from MotorsportWeek.c...
Popular On GunnersToday.com
Exclusive: Premier League star more likely to make...
Arsenal expert Charles Watts says he expects Manchester City playmaker...
26m ago from CaughtOffside.com
Exclusive: Arsenal could consider midfielder transfer...
Arsenal could be ready to consider selling midfielder Thomas Partey this...
56m ago from CaughtOffside.com
Exclusive: 'A player they admire greatly' –...
Wolves winger Pedro Neto is a player Arsenal 'admire greatly', according...
46m ago from CaughtOffside.com
Exclusive: Arsenal FC expert reveals the truth about...
Arsenal journalist Charles Watts has revealed the truth behind the ongoing...
1h ago from CaughtOffside.com
Comments
Hottest News
Schumacher reveals what F1 pundits are NOT allowed to say...
F1 veteran Ralf Schumacher has offered a blunt... Read More »
3h ago from GPFans.com
Men in Blue: Miami Spice for Scuderia Ferrari
As announced on Tuesday, Ferrari will unveil a... Read More »
1h ago from F1i.com
Perez's dad claims Checo has more sponsors than Hamilton &...
Sergio Perez's father, Antonio Perez, thinks his... Read More »
46m ago from GPBlog.com