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Fiat Chrysler Rises to Record as Marchionne Outlines Funding

2014-12-05 19:05:44| Automakers - Topix.net

Fiat Chrysler Automobiles NV touched the highest price since the carmaker's creation in October after Chief Executive Officer Sergio Marchionne formally began a stock and bond sale to boost cash by $3.7 billion euros. Fiat Chrysler is selling at least 87 million shares and a $2.5 billion mandatory convertible bond due in 2016, the London- based manufacturer said in a filing late yesterday.

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