On July 21, 2011, the Governments of Canada and the Province of Ontario announced the sale of Canada's interests in Chrysler Group LLC (Chrysler) to Fiat SpA for total consideration of US$140 million. Canada received US$125 million for the sale of all of its membership interests in Chrysler, a sum that represented a 1.5% ownership stake (on a fully diluted basis). Canada also received US$15 million as a portion of proceeds that arose from the assignment to Fiat of its rights under an equity recapture agreement relating to Chrysler between the United States Department of the Treasury and the UAW Retiree Medical Benefits Trust (VEBA).
Canada acquired its membership interests in Chrysler and its rights in the equity recapture agreement as part of the U.S. and Canadian governments' bailout of Chrysler in 2009.
Further information is found the Government of Canada's website.