Fiat will get remaining Chrysler stake from VEBA trust

01 Jan 2014 3:13 PM | Deleted user

Chrysler will soon fully belong to Italian automaker Fiat SpA.  On Wednesday, Fiat announced that it had struck a deal to aquire the last 41.5 percent stake of Chrysler Group LLC for $3.6 billion.  The shares are owned by the VEBA Trust, which is run by the United Auto Workers. The deal is expected to be official by Jan. 20.As part of the deal, Chrysler will pay the trust $700 million in four annual installments.  Read More.

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