Fiat increases its Chrysler stake to 30 percent

DETROIT - Fiat increased share at the Chrysler Group LLC Tuesday as the Italian automaker set several benchmarks to 5 percent by the Government meets their possessions.

The company now owns 30 percent of Chrysler, and it can increase property to 35 percent by a car 40 mpg in the United States

Fiat have a 20-percent stake in Chrysler, when it took over the company to increase funded bankruptcy in 2009, and the Government for a State several benchmarks for Fiat, its share. In exchange for the property management expertise got Chrysler small-car and clean engine technology and Fiat.

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Fiat, the enterprise's share rose to 25 percent in January, if it meets the first Government benchmark, by a fuel-efficient four cylinder engine in a factory in Dundee, me

The participation was granted Tuesday as Fiat-Chrysler's sales outside of North America, Chrysler Fiat's use of its technology offset and distributors in Europe and Brazil, Chrysler cars and trucks sell recruited.

Plans for the 40 mpg car are already in the works and Sergio Marchionne, CEO of Fiat and Chrysler, is hoping to increase Fiat share to 35 percent by end of this year.

Marchionne said he eventually wants to increase Fiat ownership to 51 percent. It can buy another 16 percent as soon as it has repaid loans from the U.S. and Canadian Governments. Marchionne said in the past, he expected that happen in 2011, but on Monday said, which could in the next year, based on slides if Chrysler able, must repay the loans. Chrysler is negotiating with banks that refinance government loans.

In addition to Fiat, Chrysler's other owners include a United Auto workers retiree health care of trust fund 59.2 per cent, the US Government to 8.6 per cent and the Canadian and Ontario governments at 2.2 per cent.

Fiat added 5 percent proportional to came from the other three owners.

Marchionne said, his Government loan refinance Fiat before the return to Chrysler in the public stock exchange. At first he thought that the initial public offering could come at the end of this year has but recently said it could be delayed.

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