Venice - After purchasing the remaining shares in the United States Government in the Chrysler Group last week at 6% or U.S. $ 500 million, the Fiat Group, today, the stock bid for the Government of Canada.
"The share buyback is carried out Fiat to speed up the control to the Chrysler Group. Including giving price quote to the Government of Canada, "said Sergio Marchionne, CEO of Fiat Group.
Other Chrysler shareholders are UAW Retiree Health Care Trust, which owns 45% stake in Chrysler Group.
Marchionne also explains the rumors developed in Italy, the Fiat Group will not move out of the country. Fiat headquarters in Turin still not moved to the United States.
