Chrysler Gets OK From VEBA, Chrysler-Fiat Merger is Go!

Chrysler + Fiat

After years of co-habitation, Fiat finally made an honest woman out of Chrysler and bought out the remaining shares in a $4.3 Billion deal with the UAW’s VEBA trust. Chrysler got the OK from VEBA to go ahead with the merger on New Year’s Day, with the final details still being hammered out by the two parties.

Hopefully, the merger will increase the likelihood of the next Chrysler 200 having more in common with the Lancia Delta than with the old Chrysler Sebring, and a new, 40 MPG Chrysler 100 coming stateside to battle the hot-selling Buick Encore and new-for-2015 Mini Cooper in the premium-compact class. Worst case, we’ll get a proper multicam Ferrari hybrid system in a new-age Dodge Stealth sportscar, which- seriously, you guys- would not suck.

Here’s the official news from the PR Newswire. Check it out, then let us know what Chrysler/Fiat crossover specials you hope to see stateside in the coming year in the comments section at the bottom of the page.

 


Chrysler VEBA reaches agreement with Fiat and Chrysler providing Chrysler VEBA with $4.35 billion in funding for retiree health care (via PR Newswire)

DETROIT, Jan. 1, 2014 /PRNewswire/ — The UAW Retiree Medical Benefits Trust (Trust) is pleased to confirm that an agreement has been reached between the Trust’s Independent Fiduciary and Fiat North America LLC regarding a purchase of the Trust’s entire…

 

Jo Borrás

I've been in the auto industry 1997, and write for a number of blogs in the IM network. You can also find me on Twitter, at my Volvo fansite, or chasing my kids around Oak Park, IL.