Italian based car manufacturer Fiat has seen its shares boosted after a rise in speculation surrounding the acquisition of U.S. based Chrysler.

Fiat is now reportedly looking to buy the remaining 41 percent that is currently held by a union group.

The Italian company already has a significant hold on Chrysler, owning a significant stake in the business after Chrysler agreed on a partnership after nearing close to ruin.

Shares have risen due to the potential for access to U.S. markets from the deal, which would result in one of the largest car manufactures in the globe.

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