UAW Trust Demands Additional Payment For Increased Value Of Chrysler Shares Since Fiat Took Over

Fiat SpA, the automaker planning to merge with Chrysler Group LLC, must pay at least $342 million to boost its ownership stake to almost 62 percent, the U.S. automaker's minority shareholder said Monday in a court filing.

The amount sought by the United Auto Workers' retiree health care fund is 145 percent more than the $139.7 million that Turin, Italy-based Fiat said the additional Chrysler holding should be worth in an earlier court filing.

Fiat sued Sept. 26 in Delaware Chancery Court to confirm the price owed to the health care trust.

PUGPROUD - 11/13/2012 5:35:35 PM

+2 Boost

UAW = U Always Want !