Fiat North America LLC will acquire the remaining 41.5 percent ownership stake in Chrysler Group LLC as part of a $4.35 billion deal which will benefit the United Auto Workers Retiree Medical Benefits Trust.
The UAW retiree trust — which pays health care benefits for 117,000 UAW retirees of General Motors, Ford and Chrysler, as well as their dependents — will receive $3.65 billion from Fiat as part of the deal, including an immediate cash injection of $1.75 billion at closing on Jan. 20. Ford's…
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