Fiat Pays $4.3 Billion To Get Complete Control Of Chrysler

Transcript

DAVID GREENE, HOST:

NPR's business news starts with Fiat and Chrysler.

The Italian automaker Fiat has paid $4.3 billion to gain complete ownership of Chrysler. The agreement announced yesterday is not a big surprise. Fiat already held a majority share of the Detroit automaker that produces Chrysler, Jeep and Dodge vehicles.

Industry analysts say this final step in the merger creates a global company that's better able to compete with the likes of General Motors, Toyota and Volkswagen. Transcript provided by NPR, Copyright NPR.