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Fiat sees Chrysler merger next year
- Italy: Monday, February 04 - 2013 at 05:19
Sergio Marchionne, the chief executive of Fiat has said the merger of the Italian carmaker and its US partner Chrysler is expected to take place in 2014, AFP has reported. "We will succeed in doing it," he said. "We and VEBA (the United Auto Workers pension fund, a Chrysler shareholder) have different opinions on the value of Chrysler but we will resolve the problem in 2014." The deal will ultimately give Fiat a 65% stake in Chrysler and full ownership by 2015.
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