GENEVA, March 19 Italian automaker Fiat
Chief Executive Sergio Marchionne said on Tuesday he expected a
U.S. court to rule on the valuation of a stake in Chrysler by
June or July.
Fiat owns 58.5 percent of Chrysler, while VEBA, a
health-care trust affiliated with the United Autoworkers' Union,
owns the rest. As part of Chrysler's 2009 exit from bankruptcy,
Fiat was given the right to buy 16.6 percent of Chrysler in
tranches of up to 3.3 percent until 2016.
Fiat and VEBA are in court arguing over the value of the
16.6 percent stake.
The next hearing in the court case is due on April 25.
Marchionne said VEBA was allowed to make an additional
filing "hopefully within the next 10 days."
"Then technically there's a period that the court will take
to give us an answer, which should not exceed 60 days from the
time that VEBA provides the documentation. So we're looking at
June or July," Marchionne said on the sidelines of an SGS
VEBA could not immediately be reached for comment and has in
the past declined to comment on the court case.