Fia SpA and Chrysler LLC finally sealed the deal, forming the 6th largest car maker globally. After the U.S. Supreme Court dismissed an appeal against the sale, the two announced that they had finalized a global strategic alliance to “begin operations immediately”. Chrysler’s good assets will be transferred to a new, restructured firm owned by a group headed by Fiat. Fiat’s CEO Sergio Marchionne will run the new company. Fiat shares gained 4.85% to close at EUR 7.79 on the Brsaltaliana Exchange following the announcement.
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