Chrysler 2012 Annual Report Download - page 30
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29
The Group at a Glance
JUNE
Inauguration of new GAC-Fiat plant in Changsha (China) and rollout of first Fiat model
produced in China by the JV, the Fiat Viaggio.
Dodge Dart arrives at dealerships. The new model is included in Kelley Blue Book’s kbb.com and
Consumer Guide® Automotive’s 10 Coolest Cars Under $18,000, along with the Fiat 500.
JULY
On July 3rd, Fiat notifies VEBA of intention to exercise option to purchase a portion of VEBA’s ownership
interest in Chrysler (equivalent to 3.3% of Chrysler equity). On September 26th, Fiat announces that
Fiat North America (a wholly-owned subsidiary) is seeking judgment from Delaware Court of Chancery
confirming purchase price for the stake, as parties had not reached agreement on the purchase price.
On 3 January 2013, Fiat notifies VEBA of intention to purchase a 2nd tranche (a further 3.3% of Chrysler
equity). Once purchase of the two tranches is complete, Fiat will hold 65.17% of Chrysler.
On July 16th, Fiat issues €600 million bond (7.75%, due October 2016).
Fiat Group Automobiles S.p.A. (FGA) and PSA Peugeot Citroën (PSA) sign agreement to transfer FGA
shareholding in SevelNord JV to PSA on or before December 31st. SevelNord will continue to produce
LCVs for both groups until 2016. All other collaboration agreements between FGA and PSA remain
unaffected, including the SevelSud JV.