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Fiat exercises option to buy additional 3.3% of Chrysler shares
Purchase brings closer a merger of the two automakers
Fiat 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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Let us upgrade your Jimny with personalised modifications tailored to your taste and specific requirements.
Make it truly yours.
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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About Us
Who we are, what we do, and why.- September 10, 2017
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OUR MISSION IS SIMPLE
Find an incredibly popular car,
Make sure it is ultra reliable,
Bring it to the UK with the highest specified special editions possible.
This means only one market, the JDM, or Japanese Domestic Market.
The Japanese way of life is very different in a lot of ways. Their love of cars is legendary, and with one of the largest motor industries on the planet, along with their high standards, all these factors combine to create a perfect storm.
We love cars, and in the early 2000’s, we started looking into importing cars from Japan in addition to the UK cars we were selling.
Because of how the UK rules on vehicle importation are, and the amazing condition and low mileage of JDM vehicles, the ideal age of a Japanese import is around 10 years old.
This meant that the vehicles we were bringing
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That being said, we will give you an amazing deal for the trouble.- September 10, 2017
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