Chrysler Now Wholly-Owned By Fiat - Northern Michigan's News Leader

Chrysler Now Wholly-Owned By Fiat

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MILAN (AP) -- Michigan-born and based Chrysler is now a wholly-owned subsidiary of Italian car maker Fiat.

Fiat announced Tuesday afternoon that the deal closed on the first of the year.

Fiat has been running Chrysler since 2009.

The deal gives Fiat power to push deeper integration and decide where the joint company will be based and listed, plus a company name.