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, 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.

China is already the world's largest auto market - and it's set to grow even bigger in coming years. A recent Motley Fool report, "2 Automakers to Buy for a Surging Chinese Market", names two global giants poised to reap big gains that could drive big rewards for investors. You can read this report right now for free - just click here for instant access.

The article Fiat Moves Closer to a Merger With Chrysler originally appeared on

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.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Increase your money and finance knowledge from home

Investor’s Toolbox

Improve your investing savvy with the right financial toolset.

View Course »

Investment Strategies

What's your investing game plan?

View Course »

Add a Comment

*0 / 3000 Character Maximum

1 Comment

Filter by:

the union should hold on and not let fiat get Chrysler or else they will do what Mercedes did that all the cash out and lower the standards on the Chrysler . Keep all the money and blame Chrysler for the company's loss. Sorry thank you Obama for doing this fiat is junk and always been. Look back in the 70ies there were fiats all over the place but only lasted a few years it was fix it again tony and deserved the name.

August 13 2013 at 6:55 AM Report abuse rate up rate down Reply