{"id":2551,"date":"2011-06-06T20:40:28","date_gmt":"2011-06-06T20:40:28","guid":{"rendered":"http:\/\/blog.njstateauto.com\/auto-industry-news\/fiat-buys-out-u-s-treasury-stake-in-chrysler\/"},"modified":"2011-06-06T20:40:28","modified_gmt":"2011-06-06T20:40:28","slug":"fiat-buys-out-u-s-treasury-stake-in-chrysler","status":"publish","type":"post","link":"https:\/\/www.njstateauto.com\/blog\/fiat-buys-out-u-s-treasury-stake-in-chrysler\/","title":{"rendered":"Fiat buys out U.S. Treasury stake in Chrysler"},"content":{"rendered":"<p>The long road back from the economic recession has reached another milestone for <a href=\"http:\/\/www.njstateauto.com\/preowned\/index.cfm?make=Chrysler\" class=\"dnautolink\">Chrysler<\/a>, as the automaker has finally completely severed ties with the U.S. government.<\/p>\n<p>Italian automaker Fiat struck a deal to purchase the U.S. treasury&#039;s remaining six percent of shares in Chrysler, officially ending the era of government involvement in American automakers. In May, Chrysler was able to organize a refinancing package that allowed the company to officially pay back its loans to the U.S. and Canadian government, allowing Fiat to up its stake in the automaker.<\/p>\n<p>Fiat originally received shares in Chrysler during the bailout, when Chrysler sought Fiat&#039;s expertise in small cars for help moving forward. The tie-up between the two companies has grown into something greater, with Fiat CEO Sergio Marchionne revitalizing the company and slowly building its stake in the company.<\/p>\n<p>Although the deal still needs regulatory approval, the final six percent of shares being sold to Fiat will give the Italian company 52 percent of Chrysler, giving it full control over the automaker&#039;s future.<\/p>\n<p>Drivers seeking a used Chrysler may want to consider <a href=\"http:\/\/www.njstateauto.com\" class=\"dnautolink\">New Jersey State Auto<\/a> Auction, which offers these cars and other models at affordable prices.<br \/>\n&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The long road back from the economic recession has reached another milestone for Chrysler, as the automaker has finally completely severed ties with the U.S. government. Italian automaker Fiat struck a deal to purchase the U.S. treasury&#039;s remaining six percent of shares in Chrysler, officially ending the era of government involvement in American automakers. In [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v16.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Fiat buys out U.S. Treasury stake in Chrysler<\/title>\n<link rel=\"canonical\" href=\"https:\/\/www.njstateauto.com\/blog\/fiat-buys-out-u-s-treasury-stake-in-chrysler\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fiat buys out U.S. Treasury stake in Chrysler\" \/>\n<meta property=\"og:description\" content=\"The long road back from the economic recession has reached another milestone for Chrysler, as the automaker has finally completely severed ties with the U.S. government. Italian automaker Fiat struck a deal to purchase the U.S. treasury&#039;s remaining six percent of shares in Chrysler, officially ending the era of government involvement in American automakers. In [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.njstateauto.com\/blog\/fiat-buys-out-u-s-treasury-stake-in-chrysler\/\" \/>\n<meta property=\"og:site_name\" content=\"Used Car Blog - NJ State Auto\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/NJStateAuto\/\" \/>\n<meta property=\"article:published_time\" content=\"2011-06-06T20:40:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cdn-ds.com\/blogs-media\/sites\/174\/2020\/06\/10141444\/NJStateAuto.com-url.png\" \/>\n\t<meta property=\"og:image:width\" content=\"517\" \/>\n\t<meta property=\"og:image:height\" content=\"61\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@twinturboblogsadmin\" \/>\n<meta name=\"twitter:site\" content=\"@njstateauto\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\">\n\t<meta name=\"twitter:data1\" content=\"1 minute\">\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Organization\",\"@id\":\"https:\/\/tt-blogs.dealerfire.com\/njstateauto\/#organization\",\"name\":\"NJ State Auto Used Cars\",\"url\":\"https:\/\/tt-blogs.dealerfire.com\/njstateauto\/\",\"sameAs\":[\"https:\/\/www.facebook.com\/NJStateAuto\/\",\"https:\/\/www.instagram.com\/jerseycitycars\/\",\"https:\/\/www.youtube.com\/njstateauto\",\"https:\/\/www.pinterest.com\/njstateauto\/\",\"https:\/\/twitter.com\/njstateauto\"],\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/tt-blogs.dealerfire.com\/njstateauto\/#logo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/cdn-ds.com\/blogs-media\/sites\/174\/2019\/08\/01181502\/NJ-State-Auto-Logo.png\",\"contentUrl\":\"https:\/\/cdn-ds.com\/blogs-media\/sites\/174\/2019\/08\/01181502\/NJ-State-Auto-Logo.png\",\"width\":240,\"height\":240,\"caption\":\"NJ State Auto Used Cars\"},\"image\":{\"@id\":\"https:\/\/tt-blogs.dealerfire.com\/njstateauto\/#logo\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/tt-blogs.dealerfire.com\/njstateauto\/#website\",\"url\":\"https:\/\/tt-blogs.dealerfire.com\/njstateauto\/\",\"name\":\"Used Car Blog - 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