January 2nd, 2014
09:50 AM ET

Fiat to Buy Full Control of Chrysler

U.S. automaker Chrysler will become fully owned by Italy's Fiat under terms of an agreement announced Wednesday that also involves the United Auto Workers union.

The agreement comes more than 4-1/2 years after the Obama administration brought Fiat in to keep Chrysler in business as part of a packaged bankruptcy proceeding.

See this story and more in today's "Money Time" with Alison Kosik. 

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