Mexican Media Brands
Fiat Aims to Complete Chrysler Purchase by Next Year
Fiat SpA, which owns 58.5% of Chrysler Group LLC, expects to buy the rest of the company by 2014 a year sooner than it previously forecast.
#economics
Share
Fiat SpA, which owns 58.5% of Chrysler Group LLC, expects to buy the rest of the company by 2014 a year sooner than it previously forecast.
At an auto forum in Turin, Italy, Fiat-Chrysler CEO Sergio Marchionne predicts Fiat will resolve its dispute with the union-run retiree healthcare trust that owns the 41.5% stake. The parties have been unable to agree on a price for the shares.
Completing the acquisition would clear the way for the two companies to fully merge.
RELATED CONTENT
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.
-
On The German Auto Industry
A look at several things that are going on in the German auto industry—from new vehicles to stamping to building electric vehicles.
-
On Headlights, Tesla's Autopilot, VW's Electric Activities and More
Seeing better when driving at night, understanding the limits of “Autopilot,” Volkswagen’s electric activities, and more.