Fiat will hold 100% of Chrysler

Fiat will pay $ 3.65 billion to acquire the 41.5 percent who still has no stake in Chrysler, putting an end to a long process of acquiring that brings light to the future of the two automakers.
Fiat, Sergio Marchionne, Chief Executive of both automakers, had been negotiating for months with the Veba, pension fund that owns a minority stake in the American automaker and threatening to take their shares to the market before the deal was announced yesterday.
The Fund will receive $ 1.9 billion in a special distribution to be paid by Chrysler and another $ 1.75 billion of Fiat. The two values will be paid in cash funded by resources already at hand, and the deal is expected to be completed until January 20, Fiat reported in a statement.
The agreement allows to Fiat, with its limited box, access to Chrysler's healthy cash flows, production scale and market presence of the United States. The American market is seen as the key to the future of the Italian carmaker and Marchionne plans to compete with much larger rivals such as Volkswagen, General Motors and Toyota.
Fiat has long wanted to turn Chrysler-whose truck RAM and Jeep SUVs are among the great successes of the resurgence of the auto sales in the u.s. over the past two years-in a wholly integrated.
But the Italian company was forced to begin preparations for an IPO because of provisions of a shareholders ' agreement, which demanded that Chrysler prepare an offer if the two sides don't agree on a price for the company's shares.