Chrysler 2009 Annual Report Download - page 158
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Please find page 158 of the 2009 Chrysler annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
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157
Finally, the Fiat Group has the option to purchase up to an additional 16% (exercisable from 1 January 2013 to 30 June 2016).
The purchase price is to be determined using a pre-established market-based formula. This option may not be exercised
until total loans outstanding from the US Treasury and the Canadian government fall below USD 3 billion. In addition, Fiat’s
equity interest in Chrysler may in any case not exceed 49.9% until the loans from the US Treasury and Canadian government
have been entirely repaid. This option, whose exercise price is not fixed but rather must be equivalent to the fair value of the
underlying asset at exercise, is recognised in the statement of financial position on a fair value basis at zero.