Fiat Increases Chrysler Stake to 61.8 Percent, But Won’t Get to 100 for Years

You probably will be able to set your watch by it: Every six months until 2016, Fiat is entitled to buy another 3.32 percent of Chrysler from the Pentastar's other primary owner, the autoworkers' VEBA—the independent trust that manages retirement and benefits funds. And every six months, we expect, that's what Fiat will do. The Italian company has announced that it will take its first 3.32 percent of Chrysler off of the VEBA's hands for an as-yet-undisclosed price. This transaction will increase the Italian company's stake in the Chrysler Group to 61.8 percent. Read full story » from Car and Driver Blog http://blog.caranddriver.com

Put the internet to work for you. via Personal Recipe 647533