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Fiat Pays $4.3 Billion To Get Complete Control Of Chrysler

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Fiat Pays $4.3 Billion To Get Complete Control Of Chrysler

Business

Fiat Pays $4.3 Billion To Get Complete Control Of Chrysler

Fiat Pays $4.3 Billion To Get Complete Control Of Chrysler

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  • <iframe src="https://www.npr.org/player/embed/259082792/259082793" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
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The Italian automaker already held a majority share of the Detroit automaker that produces Chrysler, Jeep and Dodge vehicles.

DAVID GREENE, HOST:

NPR's business news starts with Fiat and Chrysler.

The Italian automaker Fiat has paid $4.3 billion to gain complete ownership of Chrysler. The agreement announced yesterday is not a big surprise. Fiat already held a majority share of the Detroit automaker that produces Chrysler, Jeep and Dodge vehicles.

Industry analysts say this final step in the merger creates a global company that's better able to compete with the likes of General Motors, Toyota and Volkswagen.

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