Next, is China going to take GM? Fiat lauds 'historic' $4.35 billion Chrysler deal

Italy owes the US taxpayers thanks for making this deal ripe due to Obama's incompetence.
Remember, Obama "saved" the US automobile industry in his lying campaign. m/r

Fiat lauds 'historic' $4.35 billion Chrysler deal | The Detroit News
JANUARY 1, 2014  BRYCE G. HOFFMAN 

Fiat SpA has reached an agreement with the United Auto 

Workers to purchase the rest of Chrysler Group LLC.

The $4.35 billion deal, which was announced Wednesday, marks the culmination of years of on-and-off negotiations between the Italian automaker and the union, which controls the retiree health care trust that owns a minority stake in the Auburn Hills automaker.

In a message to employees worldwide, Fiat Chairman John Elkann and CEO Sergio Marchionne called it “a historic day” for both Fiat and Chrysler.

“After a protracted negotiation ... we have reached an agreement that, through the acquisition by Fiat of a 100 percent equity interest in Chrysler, enables us to complete the union between the two groups in both financial and technical terms,” they said in the email, a copy of which was obtained by The Detroit News.

From The Detroit News: http://www.detroitnews.com/article/20140101/AUTO0101/301010062#ixzz2pFsG7Erk