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Fiat bids to increase Chrysler stake by 3.3%

A pre-owned Chrysler Jeep Grand Cherokee for sale in Hollywood, Florida. Italian auto giant Fiat says it is exercising an option to raise its stake in US partner Chrysler by 3.3 percentage points, taking its holding to 68.49% once the operation is completItalian auto giant Fiat said on Monday it was exercising an option to raise its stake in US partner Chrysler by 3.3 percent, taking its holding to 68.49 percent once the operation is completed. It estimated the price of the most recent stake at $254.7 million (198 million euros) but said it was awaiting a US court decision on the price.