Fiat Moves Closer to a Merger With Chrysler
Jul 3rd 2013 6:15PM
Updated Jul 3rd 2013 6:16PM
Fiat CEO Sergio Marchionne has made no secret of the fact that he wants to merge the Italian auto giant with Detroit's Chrysler. Fiat took control of Chrysler in the wake of its 2009 bailout, and has remade the scrappy Detroit icon's products into a successful and strong-selling lineup.
Now, Fiat is moving to acquire the rest of Chrysler, but there's an obstacle: the UAW, which holds the shares Fiat needs to buy. In this video, Fool.com contributor John Rosevear explains what needs to happen for the merger to go forward - and why the dispute between Fiat and the UAW has gone to court.
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The article Fiat Moves Closer to a Merger With Chrysler originally appeared on Fool.com.Fool contributor John Rosevear has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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