UPDATE 2-Fiat to lift Chrysler stake to 35 pct within 2 yrs

Newswire

* Fiat to add 15 pct stake in 3 tranches * CEO says Chrysler recovery on track * Says European car sales need 4 years to recover * Declines to comment on April 21 strategic plan * Fiat shares down 2.2 pct (Recasts with CEO comments on Chrysler) By Lisa Jucca and Gianni Montani TURIN, March 26 (Reuters) - Fiat expects to increase its holding in Chrysler to 35 percent within two years, Chief Executive Sergio Marchionne said on Friday, as it works to turn around the struggling ...

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