Saturday, June 4, 2011

Fiat Officially has Over 50% Ownership in Chrysler


Last week Fiat officially agreed to buy the US Treasuries remaining 6% interest in Chrysler giving them over 50% ownership and paying off the bailout loan that was received in 2009. Much credit for the quick payback of the loan and the rising sales numbers must go to Fiat's CEO, Sergio Marchionne. The revamped 2011 Jeep Cherokee sales are up almost 20% from a year ago and the entire sales numbers for Jeep's entire line-up is up over 55% through May.

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