Last Tuesday, bankers stated that Fiat has launched the first stage of the three-part multi-billion financing deal. This aims to refinance Fiat and Chrysler's current loans. After which, Fiat is looking at potentially buying the rest of Chrysler that it does not already own according to same banker sources.

Sources added that Fiat and Chrysler loans are expected for refinancing before summer in London. This is to take advantage of stable market conditions and cut down the costs of borrowing. The refinancing is also expected to build flexibility to possibly allow acquisition to transpire.

Fiat is trying to engage in acquiring the remaining 41.5% of Chrysler that it does not already own as it only owns 58.5% of the automaker. It is planning to be listed as the world's seventh biggest auto group by sales once merger of two manufacturers take place. This is aimed to be listed by 2014 in the New York Stock Exchange.