Fiat Pays $4.3 Billion To Get Complete Control Of Chrysler

  • Playlist
  • Download
  • Embed
    Embed <iframe src="http://www.npr.org/player/embed/259082792/259082793" width="100%" height="290" frameborder="0" scrolling="no">
  • Transcript

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.

Copyright © 2014 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information.

NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR’s programming is the audio.

Comments

 

Please keep your community civil. All comments must follow the NPR.org Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.