Chances of a Chrysler Merger, Fiat CEO Says 50%

Fiat SpA (OTC: FIATY ) Chief Executive Officer Sergio Marchionne said his company would walk away from merger talks with Chrysler LLC unless American and Canadian unions agree to take substantial pay cuts, The Toronto Globe and Mail reported. Marchionne said he’s aiming for Chrysler’s U.S. and Canada labor costs to match…