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Marchionne ´sincerely´ hopes
to acquire rest of Chrysler

Detroit News, by Bryce G. Hoffman

Original Article

Posted By:Ribicon, 11/15/2012 11:43:42 PM

Fiat-Chrysler CEO Sergio Marchionne says he still wants the rest of Chrysler and intends to get it. Italy´s Fiat SpA acquired control of Chrysler in 2009 as part of a bailout of the bankrupt automaker brokered by the Obama administration. It now owns 58.5 percent of Chrysler. The rest is owned by a retiree health care trust run by the United Auto Workers. Marchionne has long said he wants Fiat to buy it all so that he can fully merge the two companies. But last month, Marchionne announced a new investment plan to save Fiat´s foundering European operations,

Comments:
That´s nice.

      


Post Reply  

Reply 1 - Posted by: Hawgguy, 11/16/2012 12:01:59 AM     (No. 9017515)

How does the UAW healthcare trust come to own over 40% of the company?

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Reply 2 - Posted by: KTWO, 11/16/2012 12:02:07 AM     (No. 9017516)

Marchionne has said his policy is rapid growth, even reckless growth through dubious acquisitions, because only a half dozen auto firms will survive. All will be international giants.

Of course that was three years ago. He may have changed course. But gobbling up the rest of Chrysler would fit his past strategy.

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R-VAR_AD


 
Reply 3 - Posted by: miceal, 11/16/2012 12:20:35 AM     (No. 9017530)

Really...? This is SO SAD....

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Reply 4 - Posted by: Trigger2, 11/16/2012 2:43:48 AM     (No. 9017611)

So much for the demonrats previous claims that taxpayers just have to ´save´ an american auto company. It was saved alright - half to a foreigner; the other half to the UAW. I would never ever buy any Chrysler product. Period.

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Reply 5 - Posted by: pineledger, 11/16/2012 6:00:21 AM     (No. 9017685)

Thank god Ford had the brains to stay out of this swamp.

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