Most Popular
-
6
Chaos unfolds as rare November snowstorm grips Korea for 2nd day
-
7
BOK makes surprise 2nd rate cut to boost growth
-
8
‘VCHA, Katseye and Dear Alice are not K-pop groups,’ industry experts say
-
9
[Graphic News] South Koreans favor Japan for repeat overseas trips
![[Graphic News] South Koreans favor Japan for repeat overseas trips](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/11/27/20241127050101_0.gif&u=)
-
10
Japan will pay for failing to honor promises, minister says
![[Graphic News] South Koreans favor Japan for repeat overseas trips](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/11/27/20241127050101_0.gif&u=)
TURIN, Italy (DPA) ― Fiat intends to increase by 10 percent its current 25 percent controlling interest in U.S. carmaker Chrysler, the chief executive of both companies, Sergio Marchionne, said Wednesday.
“We will soon bring our stake in Chrysler to 35 percent, Marchionne said during a Fiat shareholders’ meeting at the Italian company’s Turin headquarters, indicating the move would happen soon.
Figures released in January by the Detroit, Michigan-based Chrysler showed the company had lost $199 million in the final quarter of 2010, bringing its full-year losses to $652 million. In 2009 the company had lost $8 billion.
Some analysts have however forecast Chrysler’s return to the black this year.
“We will soon bring our stake in Chrysler to 35 percent, Marchionne said during a Fiat shareholders’ meeting at the Italian company’s Turin headquarters, indicating the move would happen soon.
Figures released in January by the Detroit, Michigan-based Chrysler showed the company had lost $199 million in the final quarter of 2010, bringing its full-year losses to $652 million. In 2009 the company had lost $8 billion.
Some analysts have however forecast Chrysler’s return to the black this year.
