Fiat has more than 50 pct chance of exercising VEBA call

Newswire

MILAN, April 26 (Reuters) - Fiat Chief Executive Sergio Marchionne said on Thursday there was more than a 50 percent chance that Fiat could exercise the so-called "VEBA call option" that lets Fiat incrementally increase its stake in its U.S. unit Chrysler from July 1, 2012. "We have a call option accruing to us in mid-2012, it is potentially value accretive to Fiat," he told analysts on a conference call after the release of first quarter earnings. "There is a better than 50 percent chance ...

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