Fiat is one step closer to completing a merger with Chrysler after exercising an option to acquire an additional 3.3 percent of the Auburn Hills-based automaker today. Automotive News reports that Fiat now controls 68.49-percent of Chrysler, which is up almost 10 percent since we last heard news of this deal back in February when Fiat talking to various banks to raise more capital in order to complete the acquisition.
Autoblog , Fiat ups Chrysler stake by 3.3%, inches closer to full control, Fiat ups Chrysler stake by 3.3%, inches closer to full control
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