Sunday, Dec 04, 2016
One of America's Great Newspapers ~ Toledo, Ohio

Automotive

Fiat looking to boost Chrysler stake with 3.3% purchase from trust fund

ROME — Italian carmaker Fiat says it is consolidating its ownership of Chrysler by exercising an option to purchase around 3.3 percent of Chrysler equity from a trust fund that manages health care for pensioners.

The announcement today said the purchase in the coming weeks will raise Fiat's stake in Chrysler to 61.8 percent,

VEBA, as the trust fund is called, is the only other entity with a stake in the company now that government loans to the Detroit automaker have been paid back.

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2015 Toledo Blade

To Top

Fetching stories…