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Fiat exercises option to buy additional 3.3% of Chrysler shares

Purchase brings closer a merger of the two automakers

img-5Fiat today exercised an option to raise its stake in Chrysler by 3.3 percent.

The move is part of CEO Sergio Marchionne’s step-by-step purchases intended to lead to full control of Chrysler and the creation of a merged company that would be able to compete better with industry leaders Toyota, General Motors and Volkswagen.

Fiat has been exercising options since mid-2012 to buy holdings of about 3.3 percent from the VEBA, a medical-benefits trust for the U.S. carmaker’s retirees.

Including today’s purchase, Fiat has exercised three of its six-monthly options, increasing its stake to 68.49 percent.

Fiat has said it wants full control of Chrysler, which would give it access to some of Chrysler’s cash flow for investments in new models.

Chrysler has become Fiat’s most reliable profit generator as the Italian company struggles to end losses in Europe that totaled 704 million euros ($903 million) in [...]

Welcome to Bure Valley Classics

Based in the beautiful Norfolk countryside, close to the historic city of Norwich, Bure Valley Classics specialise in the sale of classic, performance and competition cars of all eras. We only select cars that we are passionate about ourselves. This results in an eclectic portfolio of stock, ranging from iconic British and Continental sports cars, modern classics of the 80’s and 90’s and American muscle cars. Whether you are new to the world of classic cars or a seasoned collector, buying or selling, Bure Valley Classics will ensure you receive the same personal and always professional service.

FOR SALE Browse our current stock. Our portfolio of classic cars is constantly changing, however if you cannot find what you are looking for here let us know and we will do our best to help you. FIND ME A CAR If you are looking for a particular vehicle let us know and we will do our best to help you locate it. With trusted partners in the UK, USA, Europe, Australia & New Zealand, we have a good chance of sourcing the car you are [...]
BURE VALLEY CLASSICS Bure Valley Classics was established to specialise in the sale of classic cars, sports cars and competition cars of all eras. My father raced cars when I was a boy and he also worked in the motor trade for many years, so it's safe to say I was exposed to a wide variety of cars from a young age. It's his enthusiasm for motorsport and all things petrol related that has in turn led to my passion for classic & performance cars.

Our stock is anything but predictable and ranges from traditional British and Continental sports cars to modern classics of the 80’s & 90’s and American muscle cars. With a genuine passion for cars and my clients, I pride myself on delivering quality service and ensure my clients are satisfied. Whether you are new to classic cars or a seasoned collector, buying or selling, Bure Valley Classics will endeavour to deliver the same personal and always professional service.

Our cars can be viewed by appointment 7 days a week & delivery can be arranged worldwide.

Oli Tappin

I am always impressed with the service I receive from Oli at Bure Valley Classics & I look forward to do [...]

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That being said, we will give you an amazing deal for the trouble.
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