Why Fiat (FIATY) Stock Is Down Today

NEW YORK (TheStreet) -- Shares of Fiat Group  (FIATY) are slipping -4.20% to $9.12 following concerns over its merger with Chrysler, that Fiat shareholders approved with a two-thirds majority on Friday, and which could fail if 5% of shareholders exercise their rights to sell out, Reuters reports.

Separately, the company announced plans today to cut prices in China for some of its Chrysler models and spare parts in response to closer scrutiny by the government, the Wall Street Journal reports.

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FIATY ChartFIATY data by YCharts

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