Chrysler, Dodge, and Jeep news from Allpar

Fiat-Chrysler merger still coming

In two venues, Chrysler and Fiat Auto CEO Sergio Marchionne repeated his desire to have Fiat and Chrysler joined as a single company, through a flat buyout of the retiree health care trust fund (VEBA)’s stake in the company. Earlier he had said that there was a 50-50 chance of an IPO, which would let the VEBA use the markets to set a price on their shares (at the cost of substantial attorney and advisor fees), but that he would prefer an outright buyout. Even if there is an IPO, Fiat intends to buy as much of Chrysler as it can, making Chrysler stock a good bet for speculators.

Currently, the VEBA owns 41.5% of Chrysler, but it needs cash to meet its continuing obligations to retirees. Today, from Geneva, Marchionne said that he had been in discussions with a number of bank “CEOs and chairmen who want to help” to finance a buyout of the VEBA’s share.

Which path a deal will take is, according to Marchionne, not likely to be clear until the third quarter of this year.

New fours coming

Recently, Ralph Gilles commented that a new family of four-cylinder engines was coming to Chrysler in around eighteen months— just in time…

Chrysler plant cut energy use, got $1mm

Belvidere Assembly

Nicor Gas gave Chrysler’s Belvidere Assembly Plant in Illinois a rebate check for $1.3 million, the result of savings from three projects…

Dodge and Mötley Crüe kick off “Chance to be Bad”


Dodge is kicking off the “Dodge Chance to Be Bad Giveaway” to tie in with its sponsorship of rock band Mötley Crüe’s…

V6: direct injection, turbos?

According to Allpar sources, Chrysler has resumed work on its original plans for the Pentastar V6 engine series: direct injection and forced…

Categories: Chrysler, Fiat and Fiat Brands.

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New fours coming
Belvidere Assembly
Chrysler plant cut energy use, got $1mm

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