Chrysler 2012 Annual Report Download - page 219

Notes
218 Consolidated
Financial
Statements
at 31 December
2012
38. Non-recurring transactions
Pursuant to Consob Communication DEM/6064293 of 28 July 2006, the Group did not carry out any significant non-recurring operations in 2012.
39. Transactions resulting from unusual and/or abnormal operations
Pursuant to Consob Communication DEM/6064293 of 28 July 2006, the Group did not carry out any unusual and/or abnormal operations in 2012 as
defined in that Communication (for the definition of these see the Section –Format of the financial statements).
40. Other information
Pursuant to Articles 70 (8) and 71 (1-bis) of the Consob Issuer Regulations, the Board of Directors approved the opt-out from the obligation to publish an
information document for significant transactions (e.g., significant mergers, spin-offs, share capital increases by means of in-kind contributions of assets,
acquisitions and disposals).
41. Subsequent events
On 9 January 2013, Chrysler Group announced that it had received a demand from the VEBA, pursuant to the Shareholder Agreement, seeking
registration of approximately 16.6% of Chrysler Group’s outstanding equity interests currently owned by VEBA.
On 18 January 2013, Fiat Group Automobiles S.p.A. (FGA) and Mazda Motor Corporation (Mazda) signed a final agreement for the development and
manufacture of a new roadster for the Mazda and Alfa Romeo brands, based on Mazda’s next-generation MX-5 rear-wheel-drive architecture. Each
model will be powered by proprietary engines unique to the respective brands. Both vehicles will be manufactured at the Mazda plant in Hiroshima,
Japan. Production of the Alfa Romeo model is scheduled to begin in 2015.
On 6 February 2013, Chrysler signed a 10-year private-label agreement, subject to early termination in certain circumstances, with Santander Consumer
USA Inc. to provide a full range of wholesale and retail financing services to Chrysler and Fiat customers and dealers which will be provided under the
Chrysler Capital brand name. The new financing service is scheduled to launch 1 May 2013. Under the agreement, Santander Consumer USA Inc. has
also provided Chrysler with consideration in the form of a non-refundable upfront payment which is payable prior to the launch of the new financing
service, as well as on-going revenue sharing opportunities and commitments with respect to available funding, approval and penetration rates, price
competitiveness and certain exclusivity rights. Santander Consumer USA Inc. will bear the risk of loss on loans contemplated by the agreement and the
parties will share in any residual gains and losses in respect of consumer leases, subject to specific provisions including caps on Chrysler’s participation
in gains and losses contained in the Master Agreement. Ally Financial Inc. will continue to provide financial services to Chrysler and Fiat customers and
dealers until 30 April 2013.
20 February 2013
On behalf of the Board of Directors
/s/ John Elkann
John Elkann
CHAIRMAN