Sunday 3 February 2013

INQUIRER.net: Fiat boss eyes Chrysler merger in 2014

INQUIRER.net
Philippine News for Filipinos
Fiat boss eyes Chrysler merger in 2014
Feb 3rd 2013, 21:59

ROME—Fiat boss Sergio Marchionne said Sunday that he expected the merger of the Italian car giant and its US partner Chrysler will take place in 2014.   "We will succeed in doing it," he said in an interview with the editor of the Repubblica newspaper. "We and VEBA (the United Auto Workers pension fund—a Chrysler shareholder) have different opinions on the value of Chrysler but we will resolve the problem in 2014."   Marchionne, who heads both companies, had said on January 30 that the ties between the two automakers were "irreversible" and would merge "as soon as I can afford it" but did not put date on the merger.   Asked on Sunday if Fiat would...

Keep on reading: Fiat boss eyes Chrysler merger in 2014

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