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Fiat today exercised an option to raise its stake in Chrysler by 3.3 percent.

The move is part of CEO Sergio Marchionne’s step-by-step purchases intended to lead to full control of Chrysler and the creation of a merged company that would be able to compete better with industry leaders Toyota, General Motors and Volkswagen.

Fiat has been exercising options since mid-2012 to buy holdings of about 3.3 percent from the VEBA, a medical-benefits trust for the U.S. carmaker’s retirees.

Including today’s purchase, Fiat has exercised three of its six-monthly options, increasing its stake to 68.49 percent.

Fiat has said it wants full control of Chrysler, which would give it access to some of Chrysler’s cash flow for investments in new models.

Chrysler has become Fiat’s most reliable profit generator as the Italian company struggles to end losses in Europe that totaled 704 million euros ($903 million) in 2012 amid a

Discover our carefully curated inventory of classic cars, meticulously maintained and ready to hit the road. From timeless muscle cars to elegant vintage models, we have something for every classic car enthusiast.

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At, we specialize in offering the finest selection of classic cars in Lakemoor, IL

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No matter where you are located, we can arrange safe and reliable shipping for your classic car purchase.

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Drive with confidence knowing that your classic car is protected with our comprehensive warranty options.

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Discover our carefully curated inventory of classic cars, meticulously maintained and ready to hit the road. From timeless muscle cars to elegant vintage models, we have something for every [...]

Nam sollicitudin neque eu nibh pharetra mollis mauris in nisi rhoncus

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Morbi nibh libero, consequat sit amet nisl vitae, suscipit gravida mi. Nam auctor viverra sodales. Quisque posuere tincidunt convallis. Ut viverra neque non diam tempor, id tincidunt mauris cursus. Donec suscipit mattis viverra. Cras sit amet odio sit amet dui aliquam tempus a ultrices felis. Proin sed imperdiet ipsum, ultrices posuere leo.

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• Electrical
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• Mechanical
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• Sunroof
• Stereo
• Wiring

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At Lake Street Motors, we are more than just a car dealership; we are enthusiasts, curators, and advocates of automotive heritage. With a passion deeply rooted in the timeless allure of classic automobiles, we have dedicated ourselves to providing an unparalleled experience for fellow aficionados.

Enthusiasts: Our love for modern and classic cars is the driving force behind everything we do. From vintage muscle cars to elegant roadsters, we appreciate the unique charm and craftsmanship that each vehicle embodies.

Curators: With meticulous attention to detail, we handpick each classic car in our inventory, ensuring that only the finest examples grace our showroom floor. Every vehicle undergoes rigorous inspection to meet our stringent standards of quality and authenticity.

Advocates of Automotive Heritage: We believe in preserving the legacy of classic cars for future generations to enjoy. Through our commitment to excellence and integrity, we strive to uphold the rich heritage and cultural [...]