Latest Industry News

Fiat exercises option to buy additional 3.3% of Chrysler shares

Purchase brings closer a merger of the two automakers

img-5Fiat today exercised an option to raise its stake in Chrysler by 3.3 percent.

The move is part of CEO Sergio Marchionne’s 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 Toyota, General Motors and Volkswagen.

Fiat has been exercising options since 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.

Chrysler has become Fiat’s most reliable profit generator as the Italian company struggles to end losses in Europe that totaled 704 million euros ($903 million) in 2012 amid a

1 Comment

  • Kimendut| May 8, 2021 at 3:30 am
  • Bahigo güncel giriş| May 8, 2021 at 3:08 am

    En güvenilir ve lisanslı bahis siteleri arasında bulabileceğiniz Bahigo için giriş şartlarını merak ediyor olabilirsiniz.
    Üyelik işlemlerini başlatmadan önce ne kadar güvenilir olduğunun yanıtını
    araştırıyorsanız, doğru bir adrestesiniz. Güvenilir bahis platformlarında güçlü alternatifleri ve kolaylıkları
    ile ön plana çıkan Bahigo sayesinde ciddi adımları atabilirsiniz.
    Güncel giriş bilgileri üzerinden erişim sağlayabileceğiniz sitede alt yapı bilgilerini ve
    lisansı kontrol etme şansınız olacaktır. Bahis ve casino deneyimlerini en iyi şekilde yaşayabilmek için yöneleceğiniz Bahigo platformunda hangi ayrıcalıkların yer aldığını incelemek isteyebilirsiniz.
    Türk kullanıcılarına yıllardır dil desteğini sunan ve
    başarılı bir adres olarak gösterilen bu platformda sizleri bekleyen bonus ve promosyonlara göz

    Bahigo güncel giriş

  • GLOSOFESCIDLILT| May 8, 2021 at 3:00 am

    best essay writing service how to write a paper essay writer cheap

  • free chat cam sex| May 8, 2021 at 3:00 am

    They still talk to me, answer my questions. “I’ll have people in my office that tell me, ‘I’m afraid I’m going to hell because I had sex with my boyfriend. “I have
    been working around the clock, and I’m exhausted-physically
    and emotionally. Also, if you are working for one
    of the bigger stations then it can get a little bit more cutthroat, i.e.
    if you don’t perform and get a solid amount of listeners to
    your show then you might be let go! It might take another
    100 years for men to change their mentality and start giving
    importance to a woman’s sexual needs, too,” says Dr Reddy. In another article, Pransky profiled a 62-year-old man who did take the bait: Hamid Keshmirian, who went to a site that purported to provide adult escorts. These adult web series have just begun for the past 3 years. “It’s a
    good thing that we have movies like Astitva, Lust Stories,
    etc., in which the lead actresses take on bold roles that talk about sex and its pleasures, just as men do.

Leave comments

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Back to top