Chrysler – PS CARS PRAHA https://www.pscars.cz Nejspolehlivější autoservis Praha 10 - Štěrboholy Wed, 10 Sep 2014 19:45:59 +0000 cs hourly 1 https://wordpress.org/?v=5.8.3 Fiat exercises option to buy additional 3.3% of Chrysler shares https://www.pscars.cz/2014/09/10/hello-world-2/ https://www.pscars.cz/2014/09/10/hello-world-2/#respond Wed, 10 Sep 2014 19:45:59 +0000 http://demo.themesuite.com/automotive-wp/?p=1 img-5Fiat 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 million) [...]

The post Fiat exercises option to buy additional 3.3% of Chrysler shares appeared first on PS CARS PRAHA.

]]> img-5Fiat 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 million) in 2012 amid a

The post Fiat exercises option to buy additional 3.3% of Chrysler shares appeared first on PS CARS PRAHA.

]]> https://www.pscars.cz/2014/09/10/hello-world-2/feed/ 0