On Air Now

Listen

Listen Live Now » 92.9 FM Lansing, Michigan

Weather

Current Conditions(Holt,MI 48842)

More Weather »
73° Feels Like: 73°
Wind: SW 9 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

Scattered Thunderstorms 84°

Tonight

Scattered Thunderstorms 67°

Tomorrow

AM Clouds/PM Sun 78°

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