Fiat's fight over Chrysler stake may not go to trial until 2015

Sep 09, 2013 1178

Fiat SpA may have to wait until 2015 before a judge will decide the price the Italian automaker would have to pay to buy out a minority shareholder of its Chrysler business, according to court filings.


Delaware judge Donald Parsons should allow a "reasonable time" to prepare for a trial to decide what Fiat must pay to buy part of the 41.5 percent Chrysler stake held by a United Auto Workers healthcare trust, according to a filing by the trust.

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Source: http://www.foxbusiness.com

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