AutoGuide News Blog
The AutoGuide News Blog is your source for breaking stories from the auto industry. Delivering news immediately, the AutoGuide Blog is constantly updated with the latest information, photos and video from manufacturers, auto shows, the aftermarket and professional racing.
Fiat has exercised an option to purchase another 3.3 percent of Chrysler shares today, part of CEO Sergio Marchionne’s plan to purchase the automaker.
Fiat is readying a loan for as much as $10 billion to purchase the remaining 41.5 percent of Chrysler from the UAW’s retiree health-care trust.