u.s. treasury
Fiat Offers $125M To Canadian Government For Its Share Of Chrysler
Fiat, has offered Canadian government $125 million for its 1.7 percent stake in Chrysler. Last week, Fiat made a $500 million offer to the U.S Treasury to buy out the remaining 6 percent stake held in Chrysler, according to Reuters. With the involvement of the U.S Treasury, Fiat hopes to increase its ownership of Chrysler…
Foreign Automakers Tapped U.S. Federal Reserve During Credit Crunch
In BMW’s case, the Munich based company secured $3.62 billion in a line of credit, during a single transaction.
