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Thu September 26, 2013
Messing with the plans to merge Chrysler and Fiat
Without a doubt, the automakers of Detroit are healthier, but in the midst of better cars and trucks and much better sales is some machinations with Chrysler.
When Fiat, led by Sergio Marchionne, allied itself with Chrysler, it seemed to solve problems for both companies. But Marchionne has a rocky relationship with Chrysler workers represented by the United Auto Workers.
Now, Chrysler’s retiree health care trust is offering $100 million worth of shares in filing for an initial public offering in the U.S. They want to take Chrysler public. That really messes with Marchionne’s plans to merge Chrysler and Fiat.
Detroit News columnist Daniel Howse wrote about that today and joined us today.