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Sergie Marchionne has started his 2014 off on the right foot with the culmination of his five year effort to merge Fiat and Chrysler finally completed. The agreement gives Fiat full control of the No. 3 US carmaker, allowing it to better compete with the likes of GM and VW. The deal goes down as the largest in the auto industry since VW acquired Porsche in 2009.

Chrysler ended up being bought out for another $4.35 million, about a tenth of the amount that Daimler-Benz paid for Chrysler 15 years ago.

With this deal finally sealed, I wonder if it will mean big things for Fiat/Chrsyler this year. Now that the company has ample cash on hand, the world is its oyster. Even the new Renegade will be running on a Fiat frame.

http://www.bloomberg.com/news/2014-01-02/marchionne-completes-chrysler-mission-on-a-florida-beach.html
 
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