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
Aprilia on dominant MotoGP start: 'Ducati isn’t...
No description available...
16h ago from Motorsport.com
Fermin Aldeguer to attempt MotoGP comeback in Brazil...
No description available...
17h ago from Motorsport.com
Davide Tardozzi: Ducati 'slapped in the face' by...
No description available...
1d ago from Motorsport.com
MotoGP: Qatar GP ‘unlikely', but a ‘plan...
MotoGP Sports Entertainment Group has admitted that the Qatar Grand Prix...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Chip Ganassi praises current health of IndyCar
Long-time team owner Chip Ganassi feels IndyCar is currently in one of...
8h ago from MotorsportWeek.c...
Andretti boss: “I don’t think anything’s a...
No description available...
11h ago from Motorsport.com
Winners and losers from the 2026 IndyCar season-opener...
No description available...
2d ago from Motorsport.com
Mick Schumacher’s IndyCar debut returns him to the...
Mick Schumacher began his IndyCar career this past weekend, competing in...
2d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Why Hyundai WRC team is "working at 120 per...
No description available...
12h ago from Motorsport.com
Lando Norris samples Toyota rally car alongside Oliver...
No description available...
2d ago from Motorsport.com
Lancia rally legend Sandro Munari passes away aged 85
No description available...
5d ago from Motorsport.com
Popular On GunnersToday.com
Mansfield Town vs Arsenal Prediction and Betting Tips...
Mansfield Town and Arsenal will square off in an FA Cup fifth-round tie on...
35m ago from SportsKeeda.com
Saka responds to criticism of Arsenal by insisting...
t;li>Forward says all that matters is they keep winningSaka unconcerned...
7h ago from TheGuardian.com
22-G/A this season: Liverpool looking to sign...
Liverpool is interested in signing Federico Dimarco from Inter Milan...
9h ago from CaughtOffside.com
Chelsea legend John Terry makes Arsenal PL title...
Chelsea legend John Terry believes Arsenal have all but sealed the Premier...
9h ago from SportsKeeda.com
Comments
Hottest News
F1 2026 Australian Grand Prix – FP1 results
Charles Leclerc led a Ferrari 1-2 in the first... Read More »
3h ago from MotorsportWeek.com
LIVE: 2026 F1 Australian Grand Prix - Free Practice 2
Follow all the live action from Free Practice 2... Read More »
1h ago from RacingNews365.com
Australian Grand Prix Free Practice 1 - Results
Full results from Free Practice 1 for the... Read More »
2h ago from F1i.com
