Under the terms of the deal, Fiat will get a 35% stake in Chrysler. In return, the US firm will get access to Fiat's fuel-efficient vehicle technologies. This agreement comes on the back of recent troubles carmakers are faced with. Chrysler has received an emergency loan from the US government worth $4bn, while Fiat has said it needed a partner because it was too small to continue on its own.
Fiat chief executive Sergio Marchionne said the deal represented "a key milestone in the rapidly changing landscape of the automotive sector".
Chrysler chairman Bob Nardelli said that the alliance "creates the potential for a powerful, new global competitor".
Source:news.bbc.co.uk
Coming soon! Dodge Challenger & Plymouth Barracuda – Chrysler’s Potent Pony Cars By Peter Grist.
The ultimate Chrysler pony car book written in Peter’s now familiar and welcome unpretentious style, that features every series and model of pony car made by the Chrysler Corporation in the 1960s and 70’s including the slippery Barracuda and classic Dodge Challenger along with stars of the big screen and drag strip.
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