{"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":"http:\/\/youtechgroup.com\/auto1\/?p=714","title":{"rendered":"Fiat exercises option to buy additional 3.3% of Chrysler shares"},"content":{"rendered":"<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-929\" src=\"https:\/\/i0.wp.com\/youtechgroup.com\/auto1\/wp-content\/uploads\/2014\/11\/img-5.jpg?resize=400%2C250\" alt=\"img-5\" width=\"400\" height=\"250\" srcset=\"https:\/\/i0.wp.com\/youtechgroup.com\/auto1\/wp-content\/uploads\/2014\/11\/img-5.jpg?w=400 400w, https:\/\/i0.wp.com\/youtechgroup.com\/auto1\/wp-content\/uploads\/2014\/11\/img-5.jpg?resize=250%2C156 250w, https:\/\/i0.wp.com\/youtechgroup.com\/auto1\/wp-content\/uploads\/2014\/11\/img-5.jpg?resize=120%2C75 120w\" sizes=\"auto, (max-width: 400px) 100vw, 400px\" \/>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 data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-929\" src=\"https:\/\/i0.wp.com\/youtechgroup.com\/auto1\/wp-content\/uploads\/2014\/11\/img-5.jpg?resize=400%2C250\" alt=\"img-5\" width=\"400\" height=\"250\" srcset=\"https:\/\/i0.wp.com\/youtechgroup.com\/auto1\/wp-content\/uploads\/2014\/11\/img-5.jpg?w=400 400w, https:\/\/i0.wp.com\/youtechgroup.com\/auto1\/wp-content\/uploads\/2014\/11\/img-5.jpg?resize=250%2C156 250w, https:\/\/i0.wp.com\/youtechgroup.com\/auto1\/wp-content\/uploads\/2014\/11\/img-5.jpg?resize=120%2C75 120w\" sizes=\"auto, (max-width: 400px) 100vw, 400px\" \/>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 [&#8230;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2,3,5],"tags":[10,12,13,14,19],"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"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"http:\/\/youtechgroup.com\/auto1\/index.php?rest_route=\/wp\/v2\/posts\/714","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/youtechgroup.com\/auto1\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/youtechgroup.com\/auto1\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/youtechgroup.com\/auto1\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/youtechgroup.com\/auto1\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=714"}],"version-history":[{"count":0,"href":"http:\/\/youtechgroup.com\/auto1\/index.php?rest_route=\/wp\/v2\/posts\/714\/revisions"}],"wp:attachment":[{"href":"http:\/\/youtechgroup.com\/auto1\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=714"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/youtechgroup.com\/auto1\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=714"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/youtechgroup.com\/auto1\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=714"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}