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Fiat plans to purchase Chrysler absolutely
Posted on April 9, 2012 by admin According to the news reported
European “automobile news” from Turin of Italy, CEO of Fiat recently
confirmed again, and Fiat intends to buy Chrysler stock 100%. He claims
that fiat has actually been ready to buy Chrysler remaining shares
completely.auto diagnostic scanner
Fiat currently owns 58.5% of the shares of Chrysler, and the remaining
41.5% hold by nationwide auto workers union voluntary employee benefit
association subordinates (VEBA). VEBA is the trust organization for
auto workers. MaErQiao said Fiat would like to buy the stock of the
VEBA, while there are two solutions.automotive scan tools
One program is that Fait will purchase Chrysler share separately from
this July to June of 2016. the amount of increasing holdings in every
half a year can not be more than 3.32%, up to buy 16.6% of Chrysler.
BMW Scanner 1.36
Another program is to make back agreement to recapture equity, and Fiat
can spend $4.25 billion to buy 41.5% of the shares holded by volunteer
staff beneficiary beneficiary association, including from 1 January
2010 cumulative 9% since the compound interest. This amount is less
than any sum of the VEBA before.
More information, please refer to www.reliabletop.com
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