VEBA http://michiganradio.org en Fiat seeks to gain another stake in Chrysler from VEBA http://michiganradio.org/post/fiat-seeks-gain-another-stake-chrysler-veba <p>Italian automaker Fiat, already Chrysler's majority owner, has announced plans to acquire another stake in the Detroit car company.</p><p>Fiat currently owns 58.57 percent of Chrysler.&nbsp; The rest is held by VEBA - the Voluntary Employee Beneficiary Association.&nbsp; The VEBA was given stock in Chrysler in lieu of cash payments to cover union retiree health care costs, which were shifted to the UAW in 2007.</p><p>Fiat says it intends to exercise an option for 3.3% of VEBA's stock, for $198 million.</p> Thu, 03 Jan 2013 20:09:37 +0000 Tracy Samilton 10606 at http://michiganradio.org