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Politics : Formerly About Advanced Micro Devices

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To: Tenchusatsu who wrote (609447)	5/9/2011 7:51:28 PM
From: FJB	Read Replies (1) of 1577978

Fiat could own 70 pct of Chrysler by next year Fiat could own 70 pct of Chrysler by next year, could buy back US Treasury stake On Monday May 9, 2011, 5:59 pm EDT DETROIT (AP) -- Italian automaker Fiat SpA could own more than 70 percent of Chrysler Group within a year once it repays its government loans and exercises other options. Chrysler spelled out the terms of Fiat's ownership in a filing Monday with the U.S. Securities and Exchange Commission. Fiat announced last month that it would pay $1.3 billion to increase its stake in Chrysler to 46 percent. Fiat expects to have a 51-percent stake by the end of this year, which would allow it to appoint a majority to Chrysler's board. In the filing, Chrysler said Fiat also may acquire the U.S. government's 8.6-percent stake in a 12-month period following the repayment of government loans. Chrysler is expected to repay those loans in the second quarter.

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