On 1-Jan-2014, Fiat announced it will acquire all of Chrysler Group LLC. The following day, the stock rose over 15%.
Fiat took a majority stake in Chrysler in 2011 and will now pick up the remaining ownership in a deal worth $4.35 billion. Fiat has been successfully increasing its global scale. In 2011, only 3% of its revenue came from North America; just two years later, 54% of its revenue came from North America.
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