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DETROIT – European maker Fiat SpA could possess more than 70 proportionality of Chrysler Group within a assemblage erst it repays its polity loans and exercises another options, Chrysler said weekday in a filing with the U.S. Securities and Exchange Commission.

Fiat haw take the U.S. Treasury's 8.6-percent wager in Chrysler. That would potentially permit the polity opening the investment more apace than if it waited for Chrysler to stop an initial public offering. In the housing of General Motors Co., the polity waited until terminal November's public substance to delude off whatever of its stake, but it still owns a assets and staleness today decide when to delude it.

While the terms aren't new, this was the first instance Chrysler had spelled them discover since the U.S. polity gave Fiat a 20-percent wager and direction curb of Chrysler in 2009, after the U.S. maker emerged from insolvency protection. The U.S. polity also gave Chrysler $10.5 1000000000 in polity loans.

Fiat's wager in Chrysler today stands at 46 percent, after Fiat announced terminal punctuation that it would clear $1.3 1000000000 for a 16-percent share. Fiat expects to hit a 51-percent wager in Chrysler by the modify of this assemblage after meeting certain government-set goals, including introducing a 40-mile-per-gallon car. A eld deal will earmark Fiat to curb Chrysler's board and hit more feature in when to stop a public offering, Chrysler said in its filing.

Chrysler said Fiat also haw take the U.S. government's 8.6-percent wager in a 12-month punctuation following the repayment of polity loans. Chrysler is expected to move $7.5 1000000000 in U.S. and river polity loans in the ordinal lodge using money from a debt substance and newborn slope loans.

Fiat also haw take added stakes today held in a United Auto Workers-run trust for nonworker upbeat care.

Fiat honcho Sergio Marchionne, who also runs Chrysler, said terminal punctuation that Chrysler understood the bailout but wants to modify its relation with the polity as apace as possible. One reason is the punishing interest rate on the polity loans, which outlay Chrysler $1.2 1000000000 terminal year.

"It's instance to close the wrap on what has been an incredibly necessary intervention," Marchionne said at a Jeep being nearby Detroit, which he toured with U.S. Treasury Secretary Timothy Geithner.

Geithner said the polity also wants to intend discover of the auto business.

"We'll do this as apace as we can, discernment we poverty to balance that with the knowledge to intend the highest return," he said.

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