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Fiat exercises option to buy additional 3.3% of Chrysler shares
Purchase brings closer a merger of the two automakersFiat 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 [...]
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Benvenuto nel sito Centro Camper Lodi- Settembre 10, 2017
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Stai cercando un nuovo camper? Seleziona questo modulo per visualizzare le nostre proposte.
CAMPER USATIUn camper usato? Offriamo mezzi con garanzia minima 12 mesi.
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BENVENUTO IN CENTRO CAMPER LODI Concessionario e officina di Camper, Caravan. CERCA IL NOSTRO INVENTARIO I NOSTRI ORARIFullwidth Page
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Attract, engage and convert more qualified vehicle shoppers- Settembre 10, 2017
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That being said, we will give you an amazing deal for the trouble.- Settembre 10, 2017
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