Fiat buys Chrysler until 2015

The Fiat may have to wait until 2015 before a judge decides the price that the Italian carmaker will have to pay to buy a minority share in Chrysler, according to court documents. Judge Donald Parsons, who is judging the case, in the United States, should allow a "reasonable time" to prepare a process in order to decide what Fiat must pay to buy the slice of 41.5% of Chrysler owned by u.s. health care company linked to Union United Auto Workers (UAW). The Union became the second largest shareholder of Chrysler when the company came out of bankruptcy in 2009.
The company, called Veba, said in a letter to judge Parsons who is not qualified to negotiate a schedule for trial with Fiat, which filed the lawsuit in September 2012. She wants the judge to set a trial date in January
2015, while Fiat pressed to occur in May. In July of that year, Parsons ruled in favor of Fiat in fundamental legal positions in the dispute, but did not order the company to sell shares of 54,154 Chrysler for $ 139.7 million, as the Fiat desperately craved. Because Veba put the value of those shares at $ 343,1 million, which can lengthen further discussions.
Fiat said, after the judge's ruling in July that he was confident the case would be resolved in his favor. If the acquisition happens, the Union of the two companies would create the seventh-largest automobile group in sales volume. Factory in Mirafiori can receive new models while the imbroglio comes to an end, not the market waits for the CEO of the Italian automaker, Sergio Marchionne, to announce plans for the construction of a sport utility vehicle Maserati in Turin, according to two sources who asked for anonymity. Marchionne is ready to build new models, including the SUV, as part of an investment plan for the main plant of Mirafiori, which would be a counterpart of the extent of the layoffs in the Italian factory.
Yesterday, the President of the company met with representatives of trade unions in Rome to discuss the automaker's investment in Italy. the automaker plans to expand temporary layoffs to about 5,300 workers at Mirafiori, the largest and oldest company factory, amid lower demand for cars in Europe. Fiat wants the workers to stay in their homes for most of the next year. Marchionne said in January it was considering mounting the first Maserati SUV and Alfa Romeo models in Mirafiori. Fiat has suspended new investments in the country in July, since it wants to force the Government of Prime Minister Enrico Letta to adopt reforms, with clearer work rules, which could help manufacturers. Sought, Fiat was unavailable for comment.