Fiat plans to exercise next Chrysler stake option amid dispute

Tommaso Ebhardt Bloomberg News Comments Fiat SpA plans to exercise an option to buy another 3.3 percent stake in U.S. carmaking unit Chrysler Group LLC from a union’s pensioner health-care fund amid a lawsuit over an earlier purchase. “We’ll keep on doing what we’ve done in the past” under terms of an agreement to acquire Chrysler stock every six months from the United Auto Workers’ retiree health-care trust, Fiat Chairman John Elkann told reporters Thursday in Milan. The Turin, Italy-based carmaker is maintaining a goal of combining with Chrysler into one company, though “when or how” it will happen, “we will see,” he said. Fiat’s previous purchases from the trust total 6.6 percent since...