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FACTORY READY FOR TRACK DAY

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A SPORT UTILITY FOR THE FAMILY

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MAKE AN EXECUTIVE STATEMENT

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Fiat 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 [...]

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Histoire de l’entreprise En affaire depuis 22 ans Luc Gervais Propriétaire, et son équipe se feront un plaisir de vous aider à trouver le véhicule qui répond à vos besoins. Nous choisissons, de même, des partenaires d'affaires de confiance... Que ce soit pour nos achats, la mécanique, les pièces, les garanties prolongées, ils contribuent tous à vous offrir un meilleur service.