Fiat Chrysler Automobiles (FCA) CEO Sergio Marchionne is convinced that a large scale merger in the auto industry is coming.
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Sergio Marchionne already setup one of the largest auto industry deals in the last decade, but he’s not done yet.
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Fiat has exercised an option to purchase another 3.3 percent of Chrysler shares today, part of CEO Sergio Marchionne’s plan to purchase the automaker.
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Fiat is readying a loan for as much as $10 billion to purchase the remaining 41.5 percent of Chrysler from the UAW’s retiree health-care trust.
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