Italy’s Fiat is likely to pay around $1.5 billion for an additional 16% stake in Chrysler, which it hopes to buy this year after Chrysler repays government loans, Reuters reports. The Turin-based auto maker currently holds a 30% stake in Chrysler. The Michigan-based company owes $5.8 billion to the U.S. government and $1.3 billion to the Canadian government, which it received during its 2009 bailout. Chrysler’s initial public offering, which was originally expected to take place in the second half of this year, could be delayed until next year.
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