Just bought a car? Planning to buy one? Whether you have just made a big investment, or are planning to do so in the near future, you want to hear good news about the company you are dealing with. If you are thinking of buying a Chrysler, or already have one in your driveway, you should be ecstatic with recent Chrysler news.
Fiat-Chrysler Merger News
After a successful strategic alliance and then a partial ownership situation, Fiat, under CEO Sergio Marchionne, is negotiating purchasing the remaining 41.5% of Chrysler stock owned by the United Automobile Workers union health care trust. The two sides haven't agreed on a price, so the matter is now in a court in Delaware, in the U.S. The company hopes for resolution by the end of the year.
The word on the street is that once the merger is complete, Fiat might move its headquarters to Michigan, where Chrysler is located now. With strong roots in Italy, Fiat is constrained by restrictive business rules, stifling labour rules, and political unrest. In Michigan, Fiat, under Marchionne's leadership, can become even leaner and meaner.
Chrysler News In Australia
This is good news for Fiat because, once fully merged, the company would have access to Chrysler's cash to finance more R&D, more marketing, and more restructuring. All of this is music to the ears of Australians, who have already benefited from more models coming their way, more dealerships, more conveniences, and more attention to the market.
The future of Fiat Chrysler is strong, worldwide and in Australia. The Chrysler news of the last year is positive. Why are you waiting to buy a new car? Visit your Chrysler dealer today.