The Wall Street Journal reports that Italy’s Fiat SpA is looking to acquire the U.S. Treasury’s 6% stake in Chrysler.
Fiat plans to exercise its option in the next week to buy the Treasury’s stake in Chrysler, giving it majority control of Chrysler, the publication reported.
Sergio Marchionne, who heads both Fiat and Chrysler, is in talks to buy the stake held by the Canadian government, according to a person familiar with the matter.
Source: The Wall Street Journal
