Fiat Drives Up Stake In Chrysler

Law360, New York (January 5, 2012, 3:16 PM EST) -- Fiat SpA has increased its ownership interest in Chrysler Group LLC by 5 percent, up to 58.5 percent, after Chrysler introduced a new fuel-efficient car to achieve the last of a series of performance-related milestones, the formerly bankrupt carmaker said Thursday.

The stake increase was contingent on a letter Chrysler sent to the U.S. Department of the Treasury saying it had committed to begin assembling a vehicle with an unadjusted combined fuel economy of at least 40 mpg in commercial quantities in a U.S. production facility....
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