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Union Trust
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Fiat may have to pay union trust fund more for Chrysler shares, judge suggests
WILMINGTON, Delaware, USA. (Bloomberg) -- Fiat may have to pay more than its $139.7 million offer for Chrysler Group shares that the automaker wants to buy from the United Auto Workers' retiree health-care trust, a judge suggested. Fiat is increasing its stake in Chrysler and is asking Delaware ...
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Fiat's cost for buying the rest of Chrysler may rise amid litigation
… give him control of Chrysler. Now he faces a new challenge: to negotiate a price for the rest of Chrysler with the union trust that won't antagonize its workers, while not endangering loss-making Fiat's finances. Fiat had an option to …
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Fiat's cost for buying the rest of Chrysler may rise amid litigation
… give him control of Chrysler. Now he faces a new challenge: to negotiate a price for the rest of Chrysler with the union trust that won't antagonize its workers, while not endangering loss-making Fiat's finances. Fiat had an option to …
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Fiat gets go-ahead to convert savings shares
… now owns 58.5 percent in the third-biggest U.S. automaker. The remaining 41.5 percent is held by the U.S. union trust fund VEBA, which is looking to cash in on its holding. Fiat and Chrysler CEO Sergio Marchionne has said in the past …
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Fiat banks on U.S., Brazil to offset weak Europe
… as the end goal. He still needs to decide what to do with the 41.5 percent of Chrysler which is held by the VEBA union trust fund. "I do not think it is a good moment to talk about buying the VEBA stake," Marchionne said. Reacting to the …
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Rating agency downgrades Fiat on Chrysler risk, weak Europe
… the end of 2011 but must decide what to do with the 41.5 percent of the U.S. automaker that is held by the VEBA union trust fund. Marchionne had initially planned an IPO, but said last week that it was not possible for now because of worsening …
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Fiat to reach 58.5% of Chrysler by year end
… decide what to do with the rest of Chrysler, a 41.5 percent stake that is owned by VEBA, the United Auto Workers union trust fund. Fiat already has an option to buy 40 percent of that stake, starting in June next year. Source: Reuters
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Debt fears haunt Fiat's grand Chrysler plan
… decide what to do with the rest of Chrysler, a 41.5 percent stake that is owned by VEBA, the United Auto Workers union trust fund. Fiat already has an option to buy 40 percent of that stake, starting in June next year. After initially planning …
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Fiat, UAW Trust differ over value of Chrysler Group stake
… their expectations" of Chrysler's worth, Marchionne told analysts and reporters on Tuesday. The best way for the union trust , known as VEBA, to exit its stake is through the "capital market," he said. Marchionne didn't provide specifics …
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Chrysler set to outpace Fiat; merger seen closer
… decide what to do with the rest of Chrysler, a 41.5 percent stake that is owned by VEBA, the United Auto Workers union trust fund. After initially planning an IPO to allow VEBA to cash in on its stake, Marchionne now seems to be aiming to …
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Detroit's dilemma: How to share gains with UAW
… administration. The controversial federal bailout helped the UAW secure funding for retiree health care by giving a union trust fund an ownership stake in both GM and Chrysler at the same time that it barred the union from striking at those automakers …
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UAW trust weighs options for Chrysler stake, will hold for now
… Chrysler's 2009 bankruptcy. The Obama administration's decision to bail out the No. 3 U.S. automaker gave the union trust what was initially a majority ownership position of 55 percent of its shares. President Barack Obama visited Chrysler …
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Chrysler may pay back loans early to U.S., Canada
… loans to allow Fiat to exercise its option,' Church said Chrysler's majority shareholder is the United Auto Workers union trust for retiree health care Marchionne is spinning off Fiat Industrial to focus on carmaking and the Chrysler turnaround …
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Chrysler may pay back loans early to U.S., Canada
… to allow Fiat to exercise its option,” Church said. Chrysler's majority shareholder is the United Auto Workers union trust for retiree health care. Marchionne is spinning off Fiat Industrial to focus on carmaking and the Chrysler turnaround …
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GM eyes IPO price at high end after positive investor feedback
… base plan, and the Canadian government position would drop to 9.6 percent from 12 percent. With the greenshoe, the union trust would fall to 15 percent and Canada to 9.3 percent SAIC is likely to buy a small number of shares, three people said …
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GM on track for mid-November IPO
… remains unclear if a trust fund affiliated with the United Auto Workers union will sell part of its stake in the IPO. The union trust , which was established to pay for retiree healthcare costs, holds 17.5 percent of GM The UAW trust fund -- known …
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GM to hold a press briefing Monday in New York
… could be a viable company or else face bankruptcy. Part of that included GM reducing $48 billion in debt it owed to a union trust fund and its bondholders. GM was able to reach agreements with the UAW and major bondholders, but most experts agree …
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MANUFACTURING: Lean culture takes commitment
… identifying efficiency gains. "This is a system that's de-signed around the operator," Robinson says. "Does the union trust the Big 3 to do that? Do the Big 3 trust their people enough to do that? I'm not so sure."
