CHRYSLER SAYS: Chrysler LLC, parent company to Chrysler South Africa (Pty) Ltd, announced today that the Supreme Court of the United States has lifted the stay on its transaction with Fiat, enabling the previously announced global strategic alliance, forming a vibrant new car company, to proceed. The transaction is expected to close shortly.
The new company will build upon Chrysler’s proud history of innovation and Fiat’s complementary technology and expertise to expand Chrysler’s product portfolio in the US, Canada and overseas markets, including South Africa.
As the new company restarts operations in its facilities, it will continue work already underway on new environmentally friendly, fuel-efficient, high-quality vehicles that will become Chrysler's hallmark going forward.