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VEBA values Chrysler at 3,6 billion dollars

15 October 2013 11:40 2 comments

chrysler fiat VEBA values Chrysler at 3,6 billion dollars

VEBA, the owner of the remaining 41,5% shares in Chrysler, valued the American brand at 3,6 billion dollars (2,65 billion euros or 2,25 billion pounds) at the end of last year. That’s 0,9 billion over the 2,7 billion estimate of the year before. On top of that, the Court of Delaware has yesterday announced that they’ll only be making a final judgment on the matter in September 2014, whereas Lingotto was hoping for May next year at the latest for the first part of the remaining shares (16,6%). This hope is now gone and the VEBA is in the meantime leading on to an IPO of Chrysler.

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2 Comments »

  • Avatar of AlfaTifoso
    AlfaTifoso writes:

    Hope FIAT buys remaining 41,5% soon, then hopefully we finally see new Alfa Romeos as FIAT is able to use Chrysler money to launch new Alfa Romeo sedans not only here in Europe but also in the U.S and in the Asia Pacific region ( especially in China ):wink:

    http://topautomag.com/cars/2014-alfa-romeo-giulia/attachment/2014-alfa-romeo-giulia-pics/#.Ul04wYvyWUk

    really hope all-new Alfa Romeo Giulia will be as sexy as one in picture. :-D

  • Avatar of Alfetta159
    Alfetta159 writes:

    This isn’t helping anyone. The judge is washing his hands off. Crazy. Instead of the two companies getting unified and moving forwards, they’ll be arguing and fighting. I hope VEBA does away with being too greedy and stick to the agreement.

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