Fiat boss says Chrysler merger will take place in 2014

Fiat boss Sergio Marchionne said Sunday that the full merger of the Italian car giant and its US partner Chrysler will take place in 2014.

“We will succeed in doing it,” he said in an interview with the editor of the Repubblica newspaper. “We and VEBA (the United Auto Workers pension fund — a Chrysler shareholder) have different opinions on the value of Chrysler but we will resolve the problem in 2014.”