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Italy auto giant Fiat to boost stake in US' Chrysler to 65.17 percent

AFP
January 5, 2013, 12:06 am TWN

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ROME -- Italian auto giant Fiat on Thursday said it was exercising its option to increase by 3.3 percentage points its stake in U.S. automaker Chrysler to 65.17 percent for US$198 million (151 million euros).

Fiat said the value of the purchase from a trust run by the U.S. auto union UAW to pay health care benefits for Chrysler retirees was its estimate, which still had to be determined by a U.S. court.

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