(ANSA) - New York, January 2 - Italian automaker Fiat's deal
to buy the remaining stake in American carmaker Chrysler is "the
best possible outcome" for VEBA and its retirees, the president
of the committee that governs the United Autoworkers (UAW)
healthcare trust Robert Naftaly has said in a statement.
On Wednesday Fiat announced it had gained full control of
Chrysler in a $4.35-billion deal after more than a year of
negotiations with VEBA to acquire its 41.46% share.
"This agreement is in the best interests of the trust's UAW
Chrysler retiree members and their families who rely on the
trust to provide vital healthcare benefits," Naftaly said.
Under the deal Fiat and Chrysler will pay out $3.65 billion
in cash to VEBA, sharing the cost, while Chrysler has agreed to
paying the trust an additional $700 million over the next three