Fiat, Chrysler Discussing a Partnership

[R390]

:huh:

Fiat, Chrysler Discussing a Partnership, Automotive News Says

No problem with quallity there :lol:.

Jan. 19 (Bloomberg) -- Fiat SpA is in talks with Chrysler LLC on a partnership that may include the Italian manufacturer taking a stake in the U.S. automaker, Automotive News Europe reported, citing unidentified people familiar with the matter.

Auburn Hills, Michigan-based Chrysler would tap Fiat’s experience building small and medium-sized cars to accelerate its own plans to bring out new front-wheel drive vehicles offering lower emissions, while Fiat may use Chrysler’s North American production and distribution network to introduce the Alfa Romeo brand and Fiat 500 minicar in the U.S., the newspaper reported.

Chrysler, which is 80.1 percent owned by Cerberus Capital Management LLP, is working to present a survival plan before a March 31 deadline after receiving $4 billion in U.S. government loans to keep the automaker operating. It’s unclear whether Turin -based Fiat would be paid or be given equity in Chrysler in exchange for sharing its technology, Automotive News said.

Fiat didn’t have an immediate comment, an official at the Italian company said, speaking on condition he not be identified. Lori McTavish and Shawn Morgan, spokeswomen for Chrysler, didn’t immediately return calls seeking comment.

To contact the reporter on this story: Hugo Miller in Toronto on hugomiller@bloomberg.net; Victoria Richards at vrichards@bloomberg.net

oh this will not end well.

[the]

Chrysler, the parasite looking for another host to feed off for a few years.

[rouxroux]

Please, OH PLEASE, let them circle the drain together!

I can see it now...."the NEW X1-9"!!!!!

[legion]

Does this mean that Ferrari will get the Viper killed?

Is Chrysler the DEC of the automotive world?

[svandamme]

it must be pretty bad if Fiat is the door to knock on.

[exc911ence]

Fiat does have that $2,000,000,000 that GM gave them for the right to not buy a majority stake in them burning a whole in their pocket... I think it's funny to use GM's cash to buy Chrysler!

[jyl]

Bringing Alfa Romeo back to the USA would be great.

[the]

Alfa Romeo is already coming back to the US. Originally planned for launch later this year, I think it has been pushed back a year or so. But the network is being put in place as we speak.

[afterburn 549]

Good, Get rid of 2 more Awfull car makers. They deserve ea other

[R390]

getting ready for the big bag of popcorn on this one !

[svandamme]

Originally Posted by jyl

Bringing Alfa Romeo back to the USA would be great.

****ty gearboxes and disintigrating on a day by day basis, not sure what's great about that...

[HardDrive]

Wouldn't the combination of these two companies form a blackhole of sucktacularness that would destroy the entire galaxy?

[jyl]

Fiat agrees to take 35 pct interest in Chrysler. Contributes "strategic assets" but no cash. Deal needs govt approval.

[exc911ence]

Done deal:

http://media.chrysler.com/newsrelease.do;jsessionid=019C4C4826F87F12A34DB3F6 C7A7BE0B?mid=1&id=8458

[legion]

I predict this will be as successful as DaimlerChrysler.

Or HP-Compaq.

Or Citibank/Traveller's.

[onewhippedpuppy]

Because it worked out soooo well for Mercedes.

If they start selling these, I'm cool with it.

[Jim Richards]

that looks like fun

[onewhippedpuppy]

Top Gear loved it, so it's gotta be good.

[Laneco]

Originally Posted by HardDrive

... sucktacularness...

LMAO! Great word! I have a conference call on thursday - mind if I use that to describe a similiar to fiat-chrsyler merger quality idea?

angela

[VroomGrrl]

Originally Posted by HardDrive

Wouldn't the combination of these two companies form a blackhole of sucktacularness that would destroy the entire galaxy?

Listen closely, do you hear that sucking sound?

Announcement of the Fiat-Chrysler Alliance