Fiat prefers to buyout Chrysler
- USA: Saturday, March 02 - 2013 at 00:28
The chief executive of both Fiat and its majority-owned Chrysler Group unit, Sergio Marchionne has said he sees a 50% chance that Chrysler will go public, but would prefer that it be fully merged with Fiat, Reuters has reported. "My preference is to be one single company," Marchionne said. "We belong together." Fiat shares ownership in the smallest US automaker with a retiree trust fund affiliated with the United Auto Workers labour union. Marchionne said he would prefer that Italian automaker Fiat buy the trust fund's holdings.
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