CORRECTED - FACTBOX-Car makers Chrysler, Fiat grasp hands

Tue Jan 20, 2009 1:30pm EST
 
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(Corrects name of Chrysler brands to Dodge, Chrysler and Jeep)

Jan 20 (Reuters) - Italy's Fiat (FIA.MI), which needs a partner to survive the auto crisis, has agreed to take a 35 percent stake in the No. 3 U.S. car maker Chrysler. [nLK342501]

Here are some key statistics about the two groups:

FIAT (FIA.MI)

* Key car brands are Fiat, Lancia and Alfa Romeo.

* Also owns luxury sports car makers Ferrari and Maserati.

* Has a market capitalization of about $7.5 billion.

* Trading profit for the entire group including Iveco trucks and CNH (CNH.N) tractors was 802 million euros ($1.04 billion) in the third quarter on sales of 14.3 billion euros, up from 13.9 billion a year earlier.

* Main markets are Europe and Brazil. Nearly all of the profit for Fiat Auto comes from Brazil.

* Founded in 1899 and steered from 1902 by Giovanni Agnelli whose grandson Gianni, chairman from 1966, was a legend of Italy's corporate scene, known as much for his society lifestyle as his business acumen.

* Has struck a series of alliances with other manufacturers, including India's Tata (TAMO.BO) and China's Chery.

* In 2000, in the midst of a debt crisis, Fiat struck a deal with General Motors GM.N in which the U.S. car maker took a stake. The agreement was dissolved in 2005.

* Current chief executive Sergio Marchionne took over in 2004 and put in place a plan to turn the car maker around which was successful, but the company has suffered like others in the current global crisis.

CHRYSLER

* Third-largest car maker in the United States

* Founded in 1925.

* Three brands include Dodge, Chrysler and Jeep.

* Bought by Germany's Daimler (DAIGn.DE) in 1998 in a $36 billion deal.

* Daimler sold 80.1 percent of Chrysler in 2007 to Cerberus Capital Management LP for $7.4 billion.

* Daimler retains a 19.9 percent stake which it said on Tuesday it still wanted to sell. It has been in talks with Cerberus about the stake.

* In October, Chrysler held merger talks with GM, sources familiar with the situation said.

* Chrysler has taken $4 billion from the U.S. government as a loan to help it cope with the current global crisis and has also received $1.5 billion for its finance arm. (Compiled from websites and company data) ($1 = 0.7705 euro) (Editing by Dan Lalor and Andre Grenon)

 

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