Saturday, February 13, 2010

Chrysler-Fiat make a Huge $3.3 billion deal with a Russian vehicle builder


When Sergio Marchionne, chief executive officer of Fiat Group and Chrysler Group, signed off on a $3.3 billion deal with a Russian vehicle builder, he emphasized technology from Jeep was critical to the new alliance.

Fiat is putting up half the $3.3 billion for the deal, and Sollers, Fiat’s Russian partner, is putting up the other half with the help of the Russian government....More
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