DETROIT, Sept. 20 (UPI) -- Former U.S. auto czar Ron Bloom is advising the head of Fiat, Sergio Marchionne, on a deal with the United Auto Workers, sources told The Wall Street Journal.
Bloom who helped create the deal that secured a minority share of Chrysler for a United Auto Workers' retirement fund -- the Voluntary Employee Benefits Association -- during its 2009 bankruptcy, is now advising Fiat on how to buy the fund's stake as cheaply as possible, the Journal reported Friday.