Italy's Fiat ups ownership stake in Chrysler Group - Dodge Challenger Forum: Challenger & SRT8 Forums
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#1 (permalink) Old 07-05-2012, 06:06 PM
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Italy's Fiat ups ownership stake in Chrysler Group

After reporting another strong month of sales this week of Chrysler, Dodge and Jeep vehicles, Fiat is taking a bigger ownership stake in Chrysler Group.

The Italian auto giant, which already controls the running of Chrysler Group, told the United Auto Workers Retiree Medical Benefit Trust of its intent to purchase an additional 3.3% of Chrysler shares.
By exercising its call option the Italian automaker would increase its stake in Chrysler from 58.5% to 61.8%. The UAW Trust, which manages health care for Chrysler's UAW retirees, currently owns 41.5% of Chrysler's shares.

Fiat said it expects to complete the purchase "in the upcoming weeks."...

Italy's Fiat ups ownership stake in Chrysler Group




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#2 (permalink) Old 07-05-2012, 07:53 PM
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So what does this mean or do for the company? or is this something that deals with retirement benefits for there workers?

If they already control the company, why keep buying more of it?

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#3 (permalink) Old 07-05-2012, 08:14 PM
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Ok, I will ask a dumb question...
If Fiat currently owns 58.5% of Chrysler and
the UAW Trust owns 41.5% of Chrysler......
That would mean Chrysler owns 0% of Chrysler.
How does that work?


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#4 (permalink) Old 07-05-2012, 08:27 PM
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I'm going to throw up....maybe I'll buy a Mustang or Camaro instead!

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#5 (permalink) Old 07-05-2012, 09:03 PM
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Chrysler is still chysler. When fiat buys more shares as it is doing, it is buying in or investing more into chrysler. by taking shares from the opposing interested party. Why do this? Yes it gives them more control (they already have a majority controlling share anyways) but it will increase their profit from their investment. It could mean they are inching their way towards full ownership of the business, that is if the opposing side is willing to sell all of their shares to fiat.

chrysler doesnt own any of its own shares because the company was sold and its worth divided. Chrysler is still the same business entity just with different parents.


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#6 (permalink) Old 07-05-2012, 09:05 PM
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Quote:
Originally Posted by Immortal1 View Post
Ok, I will ask a dumb question...
If Fiat currently owns 58.5% of Chrysler and
the UAW Trust owns 41.5% of Chrysler......
That would mean Chrysler owns 0% of Chrysler.
How does that work?
You are correct, Fiat and UAW own Chrysler. Chrysler is another brand of Fiat, just as Ferrari, Alfa, and Lancia are.

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#7 (permalink) Old 07-06-2012, 10:45 AM
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This is a good thing. It means they have confidence in chrysler and the direction its heading. They have a financial interest in chrysler, want a bigger financial interest in them and see it as profitable.

Better than a certain multiple headed dog thought of the company as they ran it into the ground.

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#8 (permalink) Old 07-06-2012, 10:52 AM
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#9 (permalink) Old 07-06-2012, 10:58 AM
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Don't forget the Lancia Voyager, Flavia and the Jouney is also going to be sold as a Lancia there as well
LANCIA MOBILE: VOYAGER
LANCIA MOBILE: LANCIA FLAVIA
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#10 (permalink) Old 07-06-2012, 10:58 AM
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Don't forget the Lancia Voyager, Flavia and the Jouney is also going to be sold as a Lancia there as well
LANCIA MOBILE: VOYAGER
LANCIA MOBILE: LANCIA FLAVIA
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