Marchionne Says Fiat to Boost Chrysler Stake

Date : 06/15/2012 @ 2:40PM
Source : Dow Jones News
Stock : Citigroup, Inc. (C)
Quote : 66.1  0.0 (0.00%) @ 8:19AM

Marchionne Says Fiat to Boost Chrysler Stake

Citigroup, Inc. (NYSE:C)
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Fiat SpA (F.MI, FIATY) plans to increase its stake in Chrysler Group LLC to 61.8%, Automotive News reported Friday.

Automotive News, citing an interview with Fiat Chief Executive Sergio Marchionne, said Fiat plans to exercise its option to buy a 3.3% stake from a retiree health care trust affiliated with the United Auto Workers for less than 200 million euros ($253 million.)

Full story at http://edit.autonews.com/apps/pbcs.dll/article?AID=/20120615/OEM/120619903&templa e=printart&nocache=1

Write to nymonitoring@dowjones.com

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