Most Active Stories
- Janisse Ray’s ‘The Seed Underground’ Explains Startling Loss of Seed Diversity
- Velo Coffee Turns to Kickstarter to Fund New Roaster
- States That Raised Minimum Wage See Faster Job Growth, Report Says
- Supernatural Suspense for Young Shapeshifters in 'Island of Fog' Series
- Book News: A 'Treasure' Of Thrilling Westerns from Tim Champlin
Fiat Pays $4.3 Billion To Get Complete Control Of Chrysler
Originally published on Thu January 2, 2014 7:52 am
DAVID GREENE, HOST:
NPR's business news starts with Fiat and Chrysler.
The Italian automaker Fiat has paid $4.3 billion to gain complete ownership of Chrysler. The agreement announced yesterday is not a big surprise. Fiat already held a majority share of the Detroit automaker that produces Chrysler, Jeep and Dodge vehicles.
Industry analysts say this final step in the merger creates a global company that's better able to compete with the likes of General Motors, Toyota and Volkswagen. Transcript provided by NPR, Copyright NPR.