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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 [...]

We pride ourselves on providing the most friendly and affordable service in the area.Our dedicated and detailed service team will do everything they can to keep your ride on the road!With a long track record of sales and service we've created a winning culture that stands the test of time.It's our job to keep your car, truck, or SUV running at it's very best and we take that job seriously. WELCOME TO YOUR NEW WEBSITE Welcome to your Cascade Iowa home for all your vehicle needs! Whether you're in the market for a reliable pre-owned vehicle or seeking top-notch servicing for your current ride, you've come to the right place. At Lehman's Auto and Service Center, we pride ourselves on offering a variety of high-quality used cars, trucks, and SUVs from various makes and models. Our experienced hometown team is dedicated to helping you find the perfect vehicle to suit your lifestyle and budget, ensuring a stress-free and enjoyable shopping experience. In addition to our pre-owned inventory, our service department is committed to keeping your vehicle running smoothly for many years to come. From routine maintenance to major repairs, our skilled technicians use the latest diagnostic tools and genuine parts to deliver top-tier service [...]

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Lehman Auto Service 802 1st Avenue East Cascade, IA 52033 563.852.3295 Store Hours Monday: 7:30 am - 5:00 pm Tuesday: 7:30 am - 5:00 pm Wednesday: 7:30 am - 5:00 pm Thursday: 7:30 am - 5:00 pm Friday: 7:30 am - 5:00 pm Saturday: 7:30 am - 12:00 pm Sunday: closed Click to Interract