Fiat CEO Sergio Marchionne revealed that from July the Lingotto will begin to buy the Chrysler shares in the hands of Veba, the U.S. automaker's workers' pension fund.
Veba holds, currently, 41,5% of Chrysler. According to the agreements established in 2009, Fiat has the possibility to purchase from the fund, every six months, a 3,32% stake in the Detroit house, from the second half of 2012 to the end of 2016.
The Fiat share, also in the wake of these statements, in the late morning it loses 1,47%, after the recent rises, to 4,01 euro per share, making it the only loss-making group in the European automotive sector.
