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Old 01-20-2009, 11:43 AM
 
Location: Tennessee/Michigan
28,967 posts, read 49,647,889 times
Reputation: 20996

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Fiat to take 35 percent stake in struggling Chrysler under nonbinding strategic alliance plan


ROME (AP) -- Fiat and Chrysler said Tuesday they have agreed to form a strategic alliance that would give the Italian auto empire a 35-percent stake in the troubled U.S. carmaker and could eventually bring it full control.

Fiat and Chrysler sign alliance plan: Financial News - Yahoo! Finance (http://biz.yahoo.com/ap/090120/eu_italy_fiat_chrysler.html - broken link)
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Old 01-20-2009, 02:27 PM
 
866 posts, read 3,921,485 times
Reputation: 281
FINALLY! Some good automotive news! This is a very good alliance. Chrysler has great trucks and large vehicles, while Fiat has great small car technology. I believe this will be a good attachment in the long run.

I would not mind seeing some of Fiat's cars marketed here in the U.S. either, I have always loved Italian Automobiles.
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Old 01-22-2009, 03:57 PM
 
Location: Arizona, The American Southwest
52,736 posts, read 30,920,909 times
Reputation: 91346
Hopefully Fiat improved their automotive technology and reliability. I'm saying that because I had a 1978 Fiat X-19 up until 1985, before I got rid of it, and bought a 1984 Ford Mustang GT. The X-19 was THE WORST car I've ever owned, and I could understand why everybody jokingly told me, that Fiat is an acronym for "Fix It Again Tony"..
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