Fiat SpA, the Italian carmaker that controls Chrysler Group LLC, said it has enough resources already to buy the remaining stake in the unit from an employee group, and won't sell new shares to finance a transaction.
Fiat would consider disposing of some assets to control debt in the event the carmaker acquires full control of Chrysler from the United Auto Workers retiree health-care fund, or VEBA, Chief Executive Officer Sergio Marchionne said at the annual shareholders' meeting in the manufacturer's hometown of Turin.
"If we ever reach a deal with VEBA to buy the remaining stake, we have enough cash for it," Marchionne said Tuesday. Fiat may "monetize assets" to maintain its financing, he said, without specifying what the company may sell.
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