Fiat has completed its buyout of Chrysler, making the U.S. business a completely owned subsidiary of the Italian carmaker. The completion of this acquisition represents Fiat becoming the world’s seventh largest automaker. Fiat’s long-term plan to cut losses in Europe depends on its ability to deepen ties with Chrysler.
Amazon.com Inc. is in the early stages of developing a pay-TV streaming service with live programming. According to people familiar with the matter, Amazon approached at least three media companies in regard to their vision to own the living room with TV programming provided through the Internet.
– Information compiled by Anthony Ahlegian