Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Chrysler Says Fiat Option Would Boost Ownership Stake to 61.86%

Aug. 13 (Bloomberg) -- Chrysler Group LLC said majority owner Fiat SpA can boost its stake to 61.86 percent by exercising an option to acquire part of the holdings of a union retiree fund.

The United Auto Workers union’s retiree health-care trust, known as VEBA, would own the remaining 38.14 percent, the Auburn Hills, Michigan-based automaker said today in a regulatory filing. Fiat had said in a July 3 statement that exercising the option would boost its ownership to 61.8 percent. The price hasn’t been disclosed.

To contact the reporter on this story: Craig Trudell in Southfield, Michigan, at ctrudell1@bloomberg.net

To contact the editor responsible for this story: Jamie Butters at jbutters@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.