{"id":714,"date":"2014-09-10T19:45:59","date_gmt":"2014-09-10T19:45:59","guid":{"rendered":"http:\/\/demo.themesuite.com\/automotive-wp\/?p=1"},"modified":"2014-09-10T19:45:59","modified_gmt":"2014-09-10T19:45:59","slug":"hello-world-2","status":"publish","type":"post","link":"https:\/\/www.gigantemotor.com\/index.php\/2014\/09\/10\/hello-world-2\/","title":{"rendered":"Fiat exercises option to buy additional 3.3% of Chrysler shares"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-930\" src=\"http:\/\/demo.themesuite.com\/automotive-wp\/wp-content\/uploads\/2014\/09\/img-51.jpg\" alt=\"img-5\" width=\"400\" height=\"250\" \/>Fiat today exercised an option to raise its stake in Chrysler by 3.3 percent.<\/p>\n<p>The move is part of CEO Sergio Marchionne&#8217;s step-by-step purchases intended to lead to full control of Chrysler and the creation of a merged company that would be able to compete better with industry leaders Toyota, General Motors and Volkswagen.<\/p>\n<p>Fiat has been exercising options since mid-2012 to buy holdings of about 3.3 percent from the VEBA, a medical-benefits trust for the U.S. carmaker&#8217;s retirees.<\/p>\n<p>Including today&#8217;s purchase, Fiat has exercised three of its six-monthly options, increasing its stake to 68.49 percent.<\/p>\n<p>Fiat has said it wants full control of Chrysler, which would give it access to some of Chrysler&#8217;s cash flow for investments in new models.<\/p>\n<p>Chrysler has become Fiat&#8217;s most reliable profit generator as the Italian company struggles to end losses in Europe that totaled 704 million euros ($903 million) in 2012 amid a<\/p>\n","protected":false},"excerpt":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-930\" src=\"http:\/\/demo.themesuite.com\/automotive-wp\/wp-content\/uploads\/2014\/09\/img-51.jpg\" alt=\"img-5\" width=\"400\" height=\"250\" \/>Fiat today exercised an option to raise its stake in Chrysler by 3.3 percent.<\/p>\n<p>The move is part of CEO Sergio Marchionne&#8217;s step-by-step purchases intended to lead to full control of Chrysler and the creation of a merged company that would be able to compete better with industry leaders Toyota, General Motors and Volkswagen.<\/p>\n<p>Fiat has been exercising options since mid-2012 to buy holdings of about 3.3 percent from the VEBA, a medical-benefits trust for the U.S. carmaker&#8217;s retirees.<\/p>\n<p>Including today&#8217;s purchase, Fiat has exercised three of its six-monthly options, increasing its stake to 68.49 percent.<\/p>\n<p>Fiat has said it wants full control of Chrysler, which would give it access to some of Chrysler&#8217;s cash flow for investments in new models.<\/p>\n<p>Chrysler has become Fiat&#8217;s most reliable profit generator as the Italian company struggles to end losses in Europe that totaled 704 million euros ($903 [&#8230;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,3,5],"tags":[11,13,14,15,20],"class_list":["post-714","post","type-post","status-publish","format-standard","hentry","category-automakers","category-manufacturing","category-production","tag-buyout","tag-chrysler","tag-fiat","tag-financial","tag-merger"],"_links":{"self":[{"href":"https:\/\/www.gigantemotor.com\/index.php\/wp-json\/wp\/v2\/posts\/714","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gigantemotor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gigantemotor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gigantemotor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gigantemotor.com\/index.php\/wp-json\/wp\/v2\/comments?post=714"}],"version-history":[{"count":0,"href":"https:\/\/www.gigantemotor.com\/index.php\/wp-json\/wp\/v2\/posts\/714\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gigantemotor.com\/index.php\/wp-json\/wp\/v2\/media?parent=714"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gigantemotor.com\/index.php\/wp-json\/wp\/v2\/categories?post=714"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gigantemotor.com\/index.php\/wp-json\/wp\/v2\/tags?post=714"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}