Fiat exercises option to buy additional 3.3% of Chrysler shares

September 10th, 2014|Categories: Automakers, Manufacturing, Production|Tags: , , , , |

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 [...]