Fiat Gains Majority Hold of Chrysler
Italian auto maker Fiat currently owns a 53.5% stake in Chrysler. This makes Fiat the majority stakeholder. Over the past couple years Chrysler has experienced lows and highs. And since the recession Chrysler has been widely accepted again by consumers.
Thanks to Fiats majority hold over the American automaker, US taxpayers are off the hook with having to contribute any more for Chrysler's bankruptcy. However, experts believe they are unlikely to recover $1.3 billion owed by the previous incarnation of Chrysler.
The US Treasury Assistant Secretary for Financial Stability said last week, "With today's closing, the…
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