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Fiat to acquire 35% stake in Chrysler

HOMEGAMEROOM

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My XLR/V(s)
2004 Light Platinum, President, "Midwest Marauders"
FYI - Fiat announced today it will acquire a 35% stake in Chrysler. They aren't going to contribute cash - they are going to retool a Chrysler plant to make Fiats in the US. It will also contribute engine and transmission technology to make more fuel-efficient cars for the US market.

Fiat will eventually own a majority stake in Chrysler.
 

Photo Girl

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Oct 16, 2008
Messages
565
Location
Indiana
My XLR/V(s)
Not Yet. Official Photographer and Activities Director of the MMs
FYI - Fiat announced today it will acquire a 35% stake in Chrysler. They aren't going to contribute cash - they are going to retool a Chrysler plant to make Fiats in the US. It will also contribute engine and transmission technology to make more fuel-efficient cars for the US market.

Fiat will eventually own a majority stake in Chrysler.


Let me get this straight...
Fix It Again Tony is going to provide us with engine & transmission technology?? Lord help us!!

Kathy
 

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