By Colleen Barry, Associated Press / September 13, 2013
Milan
Fiat and Chrysler CEO Sergio Marchionne said Friday that he is no closer to a deal for the Italian carmaker to take full ownership of Chrysler and in the meantime was moving ahead on the formalities of a public offering for the U.S. group.
Marchionne told reporters in Turin, where Fiat has its headquarters, that talks were continuing with a United Auto Workers health care trust, which owns 41.5 percent of Chrysler. But the two sides continue to disagree on price. Fiat took control of Chrysler as it emerged from bankruptcy in 2009 and now owns a 58.5 percent stake.
Read the entire article : Chrysler buyout? Fiat no closer on deal to Chrysler stake. - CSMonitor.com
