11/06/2009 Fiat Takes Over Chrysler After 42-Day Bankruptcy
A federal bankruptcy judge has approved the sale of most of Chrysler's assets to Fiat, clearing the
Fiat and Chrysler Sign Alliance Plan
Chrysler filed for Chapter 11 bankruptcy in late April 2009, emerging the from bankruptcy proceedings with the United Auto Workers pension fund, Fiat, and the U.S. and Canadian governments as principal owners. Fiat Chrysler’s initial purchase was a 20% stake in the company, but by January 2012, Fiat's equity stake in Chrysler had grown to 58.5%.
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