Fiat (FIATY.PK) will buy additional shares in Chrysler and boost its stake in the automaker to...

|About: Fiat Chrysler Automobiles NV (FCAU)|By:, SA News Editor

Fiat (FIATY.PK) will buy additional shares in Chrysler and boost its stake in the automaker to over 61%, according to the WSJ. Industry insiders expect Fiat and Chrysler to continue to meld into one company and discount the possibility of a Chrysler IPO in the current climate.