Fiat began the new year with a pretty big announcement: It will soon have full ownership of Chrysler.
The Italian automaker owns 59% of Chrysler, and will buy the 41% stake owned by the VEBA a trust set up to pay for union retiree health care by January 20.
The company will pay $3.65 billion. The company will also pay the VEBA an additional $700 million, split into four equal payments, made over the next four years.
APA