On Air Now

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 590 AM Kalamazoo, MI

Weather

Current Conditions(Kalamazoo,MI 49001)

More Weather »
80° Feels Like: 84°
Wind: WNW 10 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Tonight

Thunderstorms Early 66°

Tomorrow

Mostly Sunny 79°

Tues Night

Clear 58°

Alerts

Fiat plans additional Chrysler stock purchase

A U.S. flag flutters in the wind behind a Fiat logo at a car dealership in Alexandria
A U.S. flag flutters in the wind behind a Fiat logo at a car dealership in Alexandria

AUBURN HILLS (WKZO) -- Fiat is buying a small additional amount of Chrysler stock as soon as a price dispute is settled by a judge.  The Italian automaker is offering nearly 255-million dollars for an additional 3.3-percent stake in Chrysler.

Once the sale goes through Fiat will own 68.49-percent of Chrysler.  Under an agreement structured in 2009,  Fiat has the option of purchasing 3.3-percent of Chrysler's stock every six-months.

The long-term goal is to fully merge the two companies.

Comments