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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 [...]
- september 10, 2017
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Fullwidth Page
This is an example fullwidth page layout- september 10, 2017
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FAQ
Frequently Asked Questions- september 10, 2017
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Over ons
in- en verkoop en export van gebruikte vrachtwagens, bedrijfswagens en personenauto’s.- september 10, 2017
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Error 404: File not found.
That being said, we will give you an amazing deal for the trouble.- september 10, 2017
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- mei 10, 2016
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This is an example page. It’s different from a blog post because it will stay in one place and will show up in your site navigation (in most themes). Most people start with an About page that introduces them to potential site visitors. It might say something like this:
Hi there! I’m a bike messenger by day, aspiring actor by night, and this is my website. I live in Los Angeles, have a great dog named Jack, and I like piña coladas. (And gettin’ caught in the rain.)
…or something like this:
The XYZ Doohickey Company was founded in 1971, and has been providing quality doohickeys to the public ever since. Located in Gotham City, XYZ employs over 2,000 people and does all kinds of awesome things for the Gotham community.
As a new WordPress user, you should go to your dashboard to delete this page and create new pages for your content. Have fun!
- mei 10, 2016
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Welcome to WordPress. This is your first post. Edit or delete it, then start writing!