Fiat: Chrysler bankruptcy won’t kill partnership efforts

Sources familiar with the matter said that Fiat will move forward with a Chrysler LLC alliance even if the company is forced to enter bankruptcy. Insiders said that Fiat officials will continue to work with the U.S. Treasury Department to complete an agreement, reports Automotive News.

Chrysler has until this Thursday, April 30th, to complete a deal with Fiat and its stakeholders. If Chrysler cannot complete the deal with either party, it will be...
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NItePhire - 4/28/2009 9:37:14 AM

+1 Boost

Well I guess they wouldn't considering that they are pretty much getting it for free. All this is doing is allowing Fiat an opening back to the US. Chrysler should have just given themselves over to Nissan. At least they would have gotten some thing out of the deal.