Italian automaker Fiat, already Chrysler's majority owner, has announced plans to acquire another stake in the Detroit car company.
Fiat currently owns 58.57 percent of Chrysler. The rest is held by VEBA - the Voluntary Employee Beneficiary Association. 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.
Fiat says it intends to exercise an option for 3.3% of VEBA's stock, for $198 million.