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Fiat completes buyout of U.S. carmaker Chrysler

Jan 21, 2014    

MILAN (Reuters) - Fiat (FIA.MI) has completed its buyout of Chrysler, making the U.S. business a wholly-owned subsidiary of the Italian carmaker as it gears up to use their combined resources to turn around its loss-making operations in Europe.The company annouced on January 1 that it had struck a $4.35 billion deal - cheaper than analysts had expected - to gain full control of Chrysler, ending more than a year of tense talks that had obstructed Chief Executive Sergio Marchionne's efforts to create the world's seventh-largest auto maker.Fiat said on Tuesday that it had completed the acquisitio...

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