Fiat to buy full control of Chrysler

Fiat has agreed to purchase remaining shares in Chrysler for $3.65 billion. U.S. automaker Chrysler will become fully owned by Italy’s Fiat under terms of an agreement announced Wednesday that also involves the United Auto Workers union. The agreement comes more...

Fiat Reaches Deal to Buy Remaining Chrysler Shares

Fiat has finally reached an agreement with the UAW’s VEBA Trust to purchase the remaining 41.46 percent stake that it does not own.  Fiat will pay an overall $3.65 billion for the remaining shares. VEBA will also receive an additional $700 million paid annually over...