Fiat,Takeover,Chrysler,Take,Pl car Fiat Takeover Of Chrysler To Take Place In Increments
In the shape of the design, the Core wing broke through the traditional appearance of the other models, the Core-wing sense of movement and high-level sense of the high degree of balance, which must be improved, both in the interior styling General Lee: For such a TSP platform, indeed, is the test of the ability to integrate the same time, just She always has been mentioned in the business platform is a completely independent intellectual property platform and our platform is t
Although the deal hasnt been finalized, Chrysler LLC will soon finditself in alliance with Fiat sPa, the Italian automaker. When the dealis ironed out some time this month, Fiat will gain an immediate 20%share in Chrysler with options to increase it to 49%, perhaps as highas 55% when all is said and done.The original agreement hammered out between Chrysler and Fiat had Fiatassuming a 35% stake in Chrysler in exchange for giving the Americanautomaker access to its small car technology including platforms,engines and transmissions. The federal government, which has hadChrysler on a lifeline since late last year, determined that the 35%stake was too generous given the decreased worth of the automaker.After all, if Chrysler does fail, the Obama administration wants toprotect the American taxpayer who effectively now owns Chrysler.Prior to accepting government intervention, Cerberus CapitalManagement, L.P. owned 80.1% of Chrysler while Daimler AG held 19.9%of the automaker. In exchange for receiving additional governmentsupport, Cerberus will cede its share in the automaker. Daimler willretain its portion of Chrysler, something that the German company isactively shopping to whoever might be interested in purchasing it.Fiats initial share of Chrysler will not cost the company any money.However, as the two companies build their alliance and funds arerepaid to the federal government, then Fiat will be allowed to assumegreater control of Chrysler. This will happen in increments and couldtake place even before funds are paid back. If a Fiat engine goes intoproduction in North America or a shared platform is rolled out, thenFiat will increase its stake in Chrysler.For the time being, Fiat will likely keep Chryslers four brands intact which includes Chrysler, Dodge, Jeep and MOPAR, the latter thecompanys parts, accessories and motorsports racing division. Chrysleralso owns GEM Global Electric Motorcars, a producer of mostlyoff-road vehicles. Likely, GEM would be included in the deal too.Fiat will look to quickly bring several of its own models directly tothe states to sell via Chryslers dealer network. Fiat branded as wellas Alfa Romeo cars could appear at select Chrysler, Jeep or Dodgeshowrooms, perhaps sold alongside their American cousins. Fiat mightalso decide to convert some existing dealers to sell its own vehiclesexclusively.Of course, Ive painted the best case scenario for a Chrysler-Fiatalliance, one that doesnt cover the many challenges facing the autoindustry. With sales in the tank, people need to begin buying carsagain, otherwise the best laid plans of men will not come to fruition.
Fiat,Takeover,Chrysler,Take,Pl