Fiat pursues settlement with VEBA, unaware of court deadline

GENEVA, July 10 Wed Jul 10, 2013 7:54am EDT

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GENEVA, July 10 (Reuters) - Fiat's chief executive said on Wednesday he was pursuing talks to reach an out-of-court settlement with Chrysler minority owner VEBA and that he was unaware that a court ruling would take place before the end of July.

"There is always a chance for an out-of-court settlement," Sergio Marchionne said on the sidelines of an SGS shareholders' meeting.

"I spoke to counsel last night and they are not aware of a July 30 deadline," he added, referring to a Delaware court ruling on the valuation of a Chrysler stake.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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