As Fiat looks to become the full owner of Chrysler, all it has standing in its way is the retiree trust of the United Auto Workers, which currently holds the remaining 41.5 percent of the company as the result of the Pentastar's bankruptcy deal. The Detroit News is reporting that that Fiat is currently talking to numerous banks in an attempt to raise around $10 billion to fund the purchase of Chrysler's remaining stake with enough left over to refinance the debt of both companies. We've known that Fiat has been working to obtain the capital to buy out Chrysler for some time now, but this is the first time we've seen Fiat tip its hand about how much cash it thinks it will need to close the deal.

The first order of business is a legal dispute over the value of the UAW's stake in Chrysler, which the report indicates could cost Fiat around $3.5 billion. The acquisition of remaining shares could happen by this summer, but it sounds like CEO Sergio Marchionne (above) might not be ready for a full merger until next year.


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  • 72 Comments
      ronetruth66
      • 1 Year Ago
      If they promise to pay me back on time, i'll loan it to them.
      Avinash Machado
      • 1 Year Ago
      People talk about Fiat quality as if it was still the 70's.
        knightrider_6
        • 1 Year Ago
        @Avinash Machado
        that's because it is.
          wrxfrk16
          • 1 Year Ago
          @knightrider_6
          Except, it isn't. The 500 is a phenomenal success in the rest of the world, as is the Fiat Panda, both of which have been all together fine vehicles and a far cry from the days of Fiat 850's rotting into nothingness in your driveway.
      wrascil
      • 1 Year Ago
      why pay sooo much for a worthless product ? ? ?
      Myron E Holley
      • 1 Year Ago
      HO HUM
      m_2012
      • 1 Year Ago
      Maybe they will sweeten the deal for the UAW with bags of weed.
      • 1 Year Ago
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      parthenon1
      • 1 Year Ago
      No More tax $ or subsidies to this group. After all taxpayers are still on the hook for the first screw up. Chrysler was given to Fiat on a silver platter paid for by tax payers. If they buy it it better be with no helping hand of any sort.
      Scooter
      • 1 Year Ago
      I really hope this deals happens, kick the extortionist UAW out, maybe Chrysler can build better vehicles and expand its lineup beyond 3 cars.
        Hazdaz
        • 1 Year Ago
        @Scooter
        You sound like the typical clueless TeaBagger that hates America and its workers. You people have no problems with CEOs makings tens of millions more than they should, but god forbid a factory worker make a couple of bucks more an hour than your sorry ass, and immediately they are labeled as "extortionists". Here's a clue, numbnuts, but Japan, Germany and most of the rest of Europe are highly Unionized and both Germany and Japan are manufacturing powerhouses that export billions of dollars every year and keep the standard of living in those countries extremely high. Toolbags like you want to turn the US into another China with piss poor standard of living, no benefits and no safety for workers. The Japans and Germanys of the world are trying to strive for bigger and better, while morons like you want to race to the bottom by killing our standard of living and allow companies to take advantage of workers.
        MAX
        • 1 Year Ago
        @Scooter
        Chrysler lineup 3 cars? Are you a Republican/Tea Party propagandist or just stupid? Then again it's really the same thing. BTW, Germany is the most unionized country on earth and the best exporter.
        jwashfield
        • 1 Year Ago
        @Scooter
        Yeah, workers wanting an actual living wage... I guess that is extortion.
          mid engine madness
          • 1 Year Ago
          @jwashfield
          Dude, UAW members make waayyy more than a living wage. 35 bucks and hour and full benees. if that ain't a living wage, you're living way beyond your means.
      frabittz
      • 1 Year Ago
      Yeah,I`m gonna catch some flack for this but just becuase Charlie Sheen was pitching Fiat ,that doesn`t a good car make! In my opinion ,Fiats are junk ,always have been aand unless somthing like a miracle happens,probably always will be .Hopefully if they get full ownership,they won`t scew the Chrysler part up.
        SCOTT !!!!!!!!
        • 1 Year Ago
        @frabittz
        Fiat has always made a piece of junk since they have hit our shores.The best car they made was the 124 and it always had its problems.
          lasertekk
          • 1 Year Ago
          @SCOTT !!!!!!!!
          The 124 (started in1966) was ahead of its time. Show me another manufacturer (not exotic) from the time period who stuck an alloy DOHC engine, a 5-speed and 4 wheel disk brakes on their coupes, convertibles, sedans and later station wagons. Again, mass produced product line.
        garylee123
        • 1 Year Ago
        @frabittz
        Fiats aren't junk....you're just not using quality coal to run it.
      adika3z
      • 1 Year Ago
      no no thank fiat500, fiat500 is a too small and ugly design, front grille is a block and not let the cooler air to the motor
        wmichalek
        • 1 Year Ago
        @adika3z
        Well maybe you will stop whining when the 500L hits in the next couple of months. Looks like a good way to expand the line - basically a crossover with 4 doors and a hatch rear, lots of equipment standards and sits 5 adults.
      allang88
      • 1 Year Ago
      Another foreign owner ? Lets keep Chrysler all American !
      • 1 Year Ago
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        • 1 Year Ago
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          • 1 Year Ago
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          • 1 Year Ago
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