Purchase brings closer a merger of the two automakers
Fiat today exercised an option to raise its stake in Chrysler by 3.3 percent.
The move is part of CEO Sergio Marchionne’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.
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’s retirees.
Including today’s purchase, Fiat has exercised three of its six-monthly options, increasing its stake to 68.49 percent.
Fiat has said it wants full control of Chrysler, which would give it access to some of Chrysler’s cash flow for investments in new models.
Chrysler has become Fiat’s most reliable profit generator as the Italian company struggles to end losses in Europe that totaled 704 million euros ($903 million) in [...]
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Hi. I've contacted two Goldwagen branches to confirm stock availability for the 1.6TDI (CAYC) turbo but both said that the price is R11335 and not R9865 as advertised.
How much mk1 Golf service kit? It's curburater
What do you have for a 1998 Opel corsa bakkie
Ford Fiesta diesel turbo 2009 het hulle in stock en prys asb indien moontlik…
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Ons beoog om deure oop te maak in Julie, die winkel sal in Napier str wees.
Die perseel is naby die Boxer winkel.
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Have a lovely Easter weekend, those who are travelling please drive safe. Please note we won’t be available to assist with online enquiries so please visit www.goldwagen.com for our online store locator. … See MoreSee Less
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Dear Bosch. I recently serviced my car at ACS Autoworx in Pietermaritzburg – 90 000km . The fuel filter was not changed. Mohammed Hannif told me that there was no need to change it on the 2011 Opel Astra J 1.6 Turbo as it is 'built in'. Is this true? I'm asking because my car is experiencing fuel starvation problem and I am most worried that Motorite will repudiate my claim if the filter had to be changed, but wasn't. In fact my warranty will be invalidated if the service advisor was wrong.
Bosch brake pads for Toyota Etios, available on stock?
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Thanks to everyone that entered our exciting Easter competition. We’ll be posting the list of lucky winners next week Tuesday 30 April 2019. Watch this space to find out if you’re one of them! … See MoreSee Less