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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 [...]

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Your Commercial Vehicle Leasing Journey with United Fleet ManagementAt United Fleet Management (UFM), we understand the challenges of managing a business fleet. That’s why we offer flexible and hassle-free leasing solutions tailored to meet your specific needs. Whether you’re looking for a single work truck lease or a comprehensive fleet leasing package, our services help you save time, reduce costs, and focus on growing your business.Fleet Leasing Designed Around Your NeedsOur fleet leasing solutions eliminate the financial and logistical hurdles of vehicle ownership. With UFM, you can enjoy the freedom to drive unlimited miles, skip costly down payments, and forget about long-term maintenance worries. We handle vehicle registration, insurance coordination, and even offer lease-to-own options, making it easier than ever to keep your fleet on the road and running smoothly. Our work truck leasing options are ideal for businesses that depend on durable, high-performing vehicles. Built to handle tough jobs, these vehicles are dependable and ready for action in industries like construction, logistics, and field services.The Fleet Leasing Process: Step-by-StepWe keep the leasing process simple and efficient. From your first consulta [...]

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