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Fiat: to raise Chrysler stake in days

Fiat: to raise Chrysler stake in days

April 11th, 2011 in News

TURIN, Italy (AP) - Fiat and Chrysler CEO Sergio Marchionne says the Italian automaker will increase its stake in Chrysler by 5 percent within days.

Fiat SpA already controls 25 percent of Chrysler LCC, Detroit's third largest automaker.

Marchionne said Monday that only a few details need to be worked out and that "it's a matter of days" before they're sorted, according to the ANSA and LaPresse news agencies.

Marchionne said the increase might be finalized as early as Tuesday, according to ANSA.