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Fiat continues to discuss how to merge with Chrysler, Reuters reports

Fiat (FIATY) and its U.S. unit Chrysler are still discussing how to merge the companies, says Fiat Chairman John Elkann, reports Reuters. Fiat owns 58.5% of Chrysler and wants to buy the rest of the company, though the U.S. carmaker was last week reported to be considering an IPO.