- Shares of Fiat (FIATY) soar over 15% after the automaker finally works out a deal to gain complete control of Chrysler.
- The deal price of $4.35B came in below what analysts thought it would take to get a UAW healthcare trust to sign off on.
- What to watch: The impact on the automobile industry (GM, F, TM, HMC, OTCPK:NSANY) is that a tighter combination of Chrysler and Fiat could give both brands more funds to invest in new models and production. Supporting Chrysler in the vibrant U.S. market could be a particular focus.