DAVID GREENE, HOST: NPR's business news starts with Fiat and Chrysler.</s>DAVID GREENE, HOST: 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.</s>DAVID GREENE, HOST: 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.
The Italian automaker already held a majority share of the Detroit automaker that produces Chrysler, Jeep and Dodge vehicles.