Fiat Exercises Option to Increase Stake in Chrysler
Fiat SpA, the Italian carmaker that controls Chrysler Group LLC, plans to boost its stake in the U.S. company to 65 percent by exercising its option to purchase an additional 3.3 percent from the United Auto Workers’ retiree health-care fund.
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"Preserving Bombardier C-Series Key Amid 7,500 Job Cuts"
11:00 - Bombardier has announced it will slash 7,500 jobs during a second round of job cuts within the past 8 months. Bloomberg Intelligence Analyst George Ferguson explains whether these cost saving measures were necessary as the struggling aircraft maker awaits $1 billion in federal aid from the Canadian government on Bloomberg TV Canada's The Daily Brief. (Source: Bloomberg)