Fiat Exercises Option to Increase Stake in Chrysler

Fiat Exercises Option to Increase Stake in Chrysler Play

Fiat SpA, the Italian carmaker that controls Chrysler Group LLC, plans to boost its stake in the U.S. company to 65 percent by exercising its option to purchase an additional 3.3 percent from the United Auto Workers’ retiree health-care fund.

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