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Chrysler will soon fully belong to Italian automaker Fiat SpA. On Wednesday, Fiat announced that it had struck a deal to aquire the last 41.5 percent stake of Chrysler Group LLC for $3.6 billion. The shares are owned by the VEBA Trust, which is run by the United Auto Workers. The deal is expected to be official by Jan. 20.As part of the deal, Chrysler will pay the trust $700 million in four annual installments. Read More.
General Motors Co. has named product development executive Mary Barra as its next CEO, making her the first female leader of a global automotive company, Bloomberg News reported. Read More.
The Equipment and Tool Institute has announced a new service – ETI Meeting and Event Services (M&ES) – available to ETI member companies, associations and businesses to assist in the planning and management of meetings and events. Read More
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