Giovedì, 20 Settembre 2018
FLORENCE

Marchionne says talks ongoing for remainder of Chrysler

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Florence, June 13 - Fiat Group talks are moving
forward to acquire a 41.5% stake in Chrysler from the United
Auto Workers' (UAW) retiree healthcare trust, Fiat Group Chief
Executive Sergio Marchionne said on Thursday.
Asked whether there was still maneuvering room in the
negotiations, Marchionne said, "Of course. Otherwise we would no
longer be at the table".
The UAW retiree healthcare trust, called VEBA, received its
stake in Chrysler as part of the Fiat-Chrysler merger deal in
2009, which rescued the ailing American automaker from
bankruptcy.
Analysts now value the stake at $3.5-4 billion, Forbes
magazine reported at the end of April.
Fiat already owns the remaining 58.5% of Chrysler.
Marchionne added that a deal to refinance Chrysler's debt
has yet to be reached, but that he expected those negotiations
to be concluded "within a month".

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