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Chrysler's Detroit headquarters
"Fiat has exercised its option to purchase another 3.3 percent of Chrysler shares yesterday, as the Italian giant is looking to gain full control of the Detroit-based automaker. Having exercised three of its six options, Fiat now owns 68.49 percent of Chrysler. The recent 3.3 percent of shares have been acquired from the VEBA, a medical-benefits trust for Chrysler’s retirees, Automotive News reports. However, Fiat has yet to reach an agreement with the VEBA on the acquisition of its rema..." Continue Reading →
Photo credits: Chrysler
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