Comments Off on Fiat exercises option to buy additional 3.3% of Chrysler shares
Fiat today cheap jerseys exercised an option to raise its stake in Chrysler by 3.3 percent.
The move is part of CEO Sergio Marchionne’s <a href="http://www.cheapujerseys Home Page.com”>cheap jerseys step-by-step purchases intended to lead to full control of Chrysler and the creation of a merged company that would be able to compete better with industry leaders Things Toyota, General Motors and Volkswagen.
Fiat wholesale jerseys has been exercising options since By mid-2012 to buy holdings of about 3.3 percent from the VEBA, a medical-benefits trust for the U.S. carmaker’s retirees.
Including today’s purchase, Fiat has exercised three of its six-monthly options, increasing its stake to 68.49 percent.
Fiat has said it wants full control of Chrysler, which would give it access to some of Chrysler’s cash flow for investments in new models.