Fiat CEO confirms company wants to own 100 pct of Chrysler

   Date:2013/10/31

Italian carmaker Fiat's (FIA.MI) Chief Executive Sergio Marchionne said on Wednesday that the company's long-term goal is to own 100 percent of its U.S. unit Chrysler.

Chrysler last month filed papers to list shares held by a union-related healthcare trust on the New York Stock Exchange.

Speaking on a conference call with analysts on Wednesday, Marchionne said he is working "diligently" on preparing a possible share sale by Chrysler.

But Fiat still wants to own 100 percent of Chrysler, he said in reply to a question about whether his goal had changed.
 

Source:gasgoo.com

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