Fiat To Merge With Chrysler When VEBA Case Solved

Fiat can't wait for a full merger with now again cash-rich and profitable Chrysler, but it will wait until its legal dispute with the UAW's VEBA healthcare trust has been resolved. "We intend to wait for the Delaware verdict before moving forward on the merger" with Chrysler, Fiat Chairman John Elkann told Reuters. "The verdict is due 90 days from the April 25 hearing," Elkann told Reuters. Elkann did not rule out an out of court settlement with VEBA ahead of the verdict, which will help determine the price of the 41.5 percent stake in Chrysler held by the trust. from The Truth About Cars http://www.thetruthaboutcars.com

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