Fiat Losing In Europe, Wants To Bite Off More From Lucrative Chrysler

Italian carmaker Fiat SpA (BIT:F) (OTCMKTS:FIATY) said on Monday it has exercised an option to buy 3.3 percent more of its U.S. unit Chrysler, bringing it a step nearer to its goal of creating the world's seventh-largest automaker by sales. Fiat moved to tighten its control of Chrysler  as Chief Executive Officer Sergio Marchionne looks to complete a four-year effort to merge the Italian and American automakers.

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