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Valley Public Radio Staff
Thu January 2, 2014
Fiat Pays $4.3 Billion To Get Complete Control Of Chrysler
Originally published on Thu January 2, 2014 4:52 am
DAVID GREENE, HOST:
NPR's business news starts with Fiat and Chrysler.
The Italian automaker Fiat has paid $4.3 billion to gain complete ownership of Chrysler. The agreement announced yesterday is not a big surprise. Fiat already held a majority share of the Detroit automaker that produces Chrysler, Jeep and Dodge vehicles.
Industry analysts say this final step in the merger creates a global company that's better able to compete with the likes of General Motors, Toyota and Volkswagen. Transcript provided by NPR, Copyright NPR.