Fiat Completes Chrysler Acquisition from VEBA Trust in $4.35 Billion Deal

As of January 21, 2014, Fiat is the sole owner of Chrysler Group, following the acquisition of the all the VEBA Trust’s membership interests in the U.S. carmaker. Following the January 1 announcement, Fiat paid VEBA (Voluntary Employees’ Beneficiary Association), a retiree healthcare trust affiliated with the UAW, the sums stipulated in the contract. Read more »