detroit

Fiat Shares Soar on Chrysler Buyout Deal

Shares in Fiat rose as much as 16 percent in early trading Thursday after the Italian car maker struck a $4.35 billion deal to gain full control of Chrysler Group.

Chrysler Shares Could Soon Be On the Market Again

When Fiat CEO Sergio Marchionne took over Chrysler in 2009, it was considered a forgone conclusion that, eventually, he'd take the company public in an initial public offering. But now, Marchionne says the odds of an IPO are merely 50-50.