Friday, January 23, 2009

A New Era In Detroit - Italian Control

Chrysler has a new dance partner.  Fiat, which makes Fiat, Lancia, Alfa Romeo (alfaa!) is taking a 35% stake in the Detroit, USA company. 

fiat logo   chrysler logo

Two important points:

a) Fiat is also cash-strapped. 

b) Fiat has the option to get more (full) control of Chrysler, if it so chooses

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