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Fiat expected to use car finance to buy Chrysler

With Fiat’s ambitions of re-entering the American market, it was inevitable a takeover of one company would be on the horizon, and it’s now been announced that the Italian company is close to completing a car finance buy out of American giant Chrysler.

With Fiat’s ambitions of re-entering the American market, it was inevitable a takeover of one company would be on the horizon, and it’s now been announced that the Italian company is close to completing a car finance buy out of American giant Chrysler. According to the reports, Fiat will hold a 52 per cent stake in the group as the US Treasury will sell the remaining shares.

Since Fiat’s help in 2009, Chrysler has gone from strength to strength, so this deal is more a finalisation of the original deal that will ultimately help re-launch Fiat to the US.

Watch out for 500s and Bravos on an American street near you very soon.

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