Fiat Interested in Increasing Chrysler Stake to 65%
This would cost Fiat some $198 Million, for the second part of the Voluntary Employees Beneficiary Association VEBA, which they tried to acquire back in July of 2012. However, in September of las year, when they asked a US court to validate the price, and in the end an agreement could not be reached.
Keep in mind that VEBA still owns 41.5% of Chrysler, and that Fiat is slowly taking over complete control, buying out the VEBA shares in manageable chunks, before they reign supreme in Detroit. The complete takeover will allow Fiat to have a very firm foothold in the US, through which they will be able to sell both Fiat and Alfa Romeo products Stateside, with much more ease than simply importing them an supporting the high associated taxes themselves.
It is not clear how long the process will take, but, in the end Chrysler will be Fiat.
Story via autonews.com