UPDATE 1-Fiat likely to buy small Chrysler stake from VEBA

Newswire

By Rick Popely BELVIDERE, Illinois, May 24 (Reuters) - There is a "better than 50 percent chance" that Italian automaker Fiat SpA will increase its stake in Chrysler Group LLC in July, Chief Executive Sergio Marchionne said on Thursday. Fiat has an option to buy a roughly 3 percent stake in Chrysler from the retiree healthcare trust affiliated with the United Auto Workers union beginning in July. The trust, known as the VEBA, "is not a natural shareholder" and will want to sell its stake, ...

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