Fiat could raise necessary cash in May that would allow it to buy the 41.5 percent of Chrysler shares it doesn’t own yet. According to two unnamed sources quoted by Reuters, the Italian carmaker is in advanced talks with banks on financing to buy the remaining 41.5 percent of Chrysler. These shares are held by VEBA, the United Auto Workers’ retirees' healthcare trust. Fiat’s talks with banks are expected to end next month. Read more »
