Archive for February, 2009

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Fiat Negotiates with Chrysler

The Fiat Group is talking about a deal with the Chrysler LLC to seal a deal and establish strategic bond that may include a Fiat stake in the struggling U.S. car manufacturer.

The partnership will allow Chrysler to fast track and improve its restructuring plans and efforts.

A reliable source revealed that the Fiat group may allow Chrysler to access its line of car platforms, transmissions, and engines. This move will allow Chrysler to come up with a new range of small and mid-sized vehicles that have low emissions.

Chrysler has linked with Nissan for the production of small cars using the platform of 2010 Dodge Hornet.

In exchange for the range production, Fiat will gain a 30% to 35% stake in the company. A European newspaper published that the two companies have signed a memorandum of agreement to formalize the alliance.

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