Fiat Lining Up $10 Billion For Chrysler Purchase

Relying on anonymous sources, the Bloomberg report says that the banks are currently discussing the possibility of lending Fiat the money it needs to buy the rest of 41.5% stake in Chrysler, owned by the United Auto Workers’ healthcare trust Veba.

Fiat-Chrysler CEO Sergio Marchionne plans to acquire the US automaker by the end of summer, as it still awaits the court results of the dispute between the automaker and VEBA regarding the price for a 3% stake.
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skytop - 5/30/2013 1:30:19 PM

0 Boost

But Pres odumbo sold Fiat for $1 dollar. One thin obama buck bought the whole Chrysler shabang. Man oh man, odumbo really drives a hard bargain!

No wonder the governement is crumbling and the country is not recovering from the deep obama recession.