On Air Now

Current Show

Mark Levin Show   6:00 PM - 9:00 PM

Call Mark now at 1-877-381-3811

Show Info »

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 590 AM Kalamazoo, MI

Weather

Current Conditions(Kalamazoo,MI 49001)

More Weather »
45° Feels Like: 40°
Wind: S 9 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Tonight

Partly Cloudy 33°

Tomorrow

Mostly Cloudy 63°

Fri Night

Showers Late 42°

Alerts

Judge hears arguments in dispute between Fiat and UAW trust

by
The Fiat logo is seen in a car displayed on the Fiat booth during the first media day of the Geneva Auto Show at the Palexpo in Geneva March
The Fiat logo is seen in a car displayed on the Fiat booth during the first media day of the Geneva Auto Show at the Palexpo in Geneva March

AUBURN HILLS (WKZO) -- A judge in Delaware is holding a hearing Thursday in the dispute between Fiat and the United Auto Workers Trust Fund over the price of Chrysler Group LLC stock.  Fiat currently owns 58.5-percent of Chrysler while the trust holds the remaining shares.

Fiat's attempt to purchase the remaining stock has been slowed over the perceived value of the shares.  The UAW trust values the stock at over 4.5-billion dollars, but Fiat officials say the price is inflated.

The Italian automaker is reportedly putting together financing to purchase the shares, while a decision by the court is not expected for another two months.

Comments