Fiat Raises Chrysler Ownership Stake

USA Today - July 5, 2012

While Fiat has had a controlling interest in Chrysler Group LLC under an agreement reached in 2009, Fiat has the right to begin buying some of the UAW Retiree Medical Benefits Trust’s shares every six months through June 30, 2016, until it has acquired 40 percent of the trust’s 41.5 percent interest. Fiat said it expects to complete the purchase raising its stake to 61.8 percent “in the upcoming weeks.”



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