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Fiat today exercised an option to raise its stake in Chrysler by 3.3 percent.

The move is part of CEO Sergio Marchionne’s step-by-step purchases intended to lead to full control of Chrysler and the creation of a merged company that would be able to compete better with industry leaders Toyota, General Motors and Volkswagen.

Fiat has been exercising options since mid-2012 to buy holdings of about 3.3 percent from the VEBA, a medical-benefits trust for the U.S. carmaker’s retirees.

Including today’s purchase, Fiat has exercised three of its six-monthly options, increasing its stake to 68.49 percent.

Fiat has said it wants full control of Chrysler, which would give it access to some of Chrysler’s cash flow for investments in new models.

Chrysler has become Fiat’s most reliable profit generator as the Italian company struggles to end losses in Europe that totaled 704 million euros [...]

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WELCOME TO LUIGI MOTOR SERVICES

As a true family business, we want to make you part of the family!   That's why when you read our online reviews people feel we've gone the extra mile to ensure they have not only purchased the right car from us but they feel like can return back to us in the future for their next car or service appointment.

Family Run 40 Years

Luigi has been dealing in quality prestige and performance used cars in Stockport for over 40 years during which time Luigi has established a reputation for excellence and selling the highest quality of performance cars. Luigi Motor Services is based on the Cheshire Derbyshire border. We are a family business, Vic brother of Luigi, Nick son of Luigi and of course Luigi. We were the first Used Electric car specialist in Stockport

What We Sell & What We Buy

We are very well known for selling used Porsche and other performance and prestige cars within the Stockport area, but we also sell small and mid-range cars, However, since 2016 Nick has been into electric cars due to environmental concerns he has. He then decided to purchase his first electric car a Renaul [...]

Our Privacy Policy & GDPR You are invited to share your email address for means of contact. We collect personal details, for car purchase, finance applications and google analytics, We do run ads which contrain tracking codes, these don't affect privacy they are merly needs of making sure we target you with the best ad's. We never find out what you purchase, or the cost of the items. We will not sell, share or otherwise transfer any information on the workings of our website and its users. Luigi Motor Services is absolutely anti-spam. Rest assured that we will never facilitate contact by uninvited organisations. Cookie Policy Like most websites, we do run unintrusive cookies to ensure your experience on the site is the best it can be. They exist to recognise your arrival and allow you to continue where you left off.. You may disable cookies on your computer and continue to use this website, although we may not be able to serve you as we would like. But use of the site assumes your acceptance of our cookies. If you provide your email or personal details we will store this in a secure location and only as long as needed to retain your reccords under require [...]

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A Little About Us Luigi Motors is a family business based in the Disley Stockport area and I am sure you’ve guessed from the name we are Italian. With being a family business you get that personal touch you wouldn’t normally get from other businesses. We have sold cars all over the UK and the world. We’ve even sold cars to Australia, which is a testament to our quality and pricing. But don’t take our word for it, read our reviews on sites such as FreeIndex, Google, Facebook or Autotrader. Services We Provide Our primary role is buying and selling used cars. Many people know us as independent Porsche specialists. Seeing as we normally have around 4 Caymans and 2 or 3 Boxsters in stock, with a fair few going in and out of our workshop. But we sell a wide range of cars from £2,500 all the way up to as high as you can think. Our insurance will allow us to stock and drive a car with its individual value of £500,000 although we haven’t got that high just yet!. However, over the last couple of years, we’ve moved our sales towards electric cars. We ar [...]