Cars
Fiat could raise necessary cash in May that would allow it to buy the 41.5 percent of Chrysler shares it doesn’t own yet. According to two unnamed sources quoted by Reuters, the Italian carmaker is in advanced talks with banks on financing to buy the remaining 41.5 percent of Chrysler. These shares are held by VEBA, the United Auto Workers’ retirees' healthcare trust. Fiat’s talks with banks are expected to end next month. Read more »
- Fiat Finally Completes Chrysler Acquisition, Will Pay Veba $4.35 Billion For 41.5 Percent Stake
The rumors were true this time: on January 1, 2014, Fiat announced an agreement with the VEBA Trust (The Voluntary Employees’ Beneficiary Association), under which its wholly owned subsidiary, Fiat North America LLC, will acquire the VEBA Trust’s...
- Fiat Reportedly Restarted Talks With Veba To Buy Chrysler Shares
We’re pretty sure you’ve heard enough about Fiat’s attempts to gain full control of Chrysler, since this endeavor is taking longer than expected and is delaying the merger between the two carmakers. The latest news is that Fiat...
- Fiat Spa Could Raise Chrysler Ownership To 46 Percent As Early As June
Only two days ago, Fiat SpA announced that it had obtained an additional 5 percent of Chrysler increasing its stake to 30 percent. Now it seems that the Italian group's plans are to raise Chrysler ownership to 46 percent by June of this year, according...
- Report: Fiat To Raise Chrysler Stake To 30 Percent Within The Next Few Weeks
Fiat SpA is planning to increase its Chrysler LLC Group stake to 30 percent in the next few weeks, according to insider sources quoted by Bloomberg news. The Italian company, which currently holds a 25 percent stake in Chrysler, will get an additional...
- Breaking News: Ford Planning To Sell Mazda Shares
In a weekend full of surprises and bewilderment for the American auto industry, right after reports of Chrysler holding merger talks with GM hit the web, Japanese media reported Saturday that Ford Motor Company was seriously considering selling its stake...
Cars
Fiat Close to Raising Enough Cash to Buy Chrysler, Report Says
Fiat could raise necessary cash in May that would allow it to buy the 41.5 percent of Chrysler shares it doesn’t own yet. According to two unnamed sources quoted by Reuters, the Italian carmaker is in advanced talks with banks on financing to buy the remaining 41.5 percent of Chrysler. These shares are held by VEBA, the United Auto Workers’ retirees' healthcare trust. Fiat’s talks with banks are expected to end next month. Read more »
- Fiat Finally Completes Chrysler Acquisition, Will Pay Veba $4.35 Billion For 41.5 Percent Stake
The rumors were true this time: on January 1, 2014, Fiat announced an agreement with the VEBA Trust (The Voluntary Employees’ Beneficiary Association), under which its wholly owned subsidiary, Fiat North America LLC, will acquire the VEBA Trust’s...
- Fiat Reportedly Restarted Talks With Veba To Buy Chrysler Shares
We’re pretty sure you’ve heard enough about Fiat’s attempts to gain full control of Chrysler, since this endeavor is taking longer than expected and is delaying the merger between the two carmakers. The latest news is that Fiat...
- Fiat Spa Could Raise Chrysler Ownership To 46 Percent As Early As June
Only two days ago, Fiat SpA announced that it had obtained an additional 5 percent of Chrysler increasing its stake to 30 percent. Now it seems that the Italian group's plans are to raise Chrysler ownership to 46 percent by June of this year, according...
- Report: Fiat To Raise Chrysler Stake To 30 Percent Within The Next Few Weeks
Fiat SpA is planning to increase its Chrysler LLC Group stake to 30 percent in the next few weeks, according to insider sources quoted by Bloomberg news. The Italian company, which currently holds a 25 percent stake in Chrysler, will get an additional...
- Breaking News: Ford Planning To Sell Mazda Shares
In a weekend full of surprises and bewilderment for the American auto industry, right after reports of Chrysler holding merger talks with GM hit the web, Japanese media reported Saturday that Ford Motor Company was seriously considering selling its stake...