Reports: Chrysler, Fiat discuss partnership

January 19, 2009 1:16:09 PM PST
Two publications are reporting that Fiat SpA is holding discussions with Chrysler LLC about taking a stake in the U.S. car maker and creating a partnership that would allow the Italian auto maker to build and sell its small cars in the United States. Unnamed officials familiar with the discussions told The Wall Street Journal and Automotive News that Chrysler would have access to the Turin-based automaker's engine and transmission technology as part of a potential deal.

Chrysler and Fiat officials did not immediately comment on the reports Monday.

Fiat Group SpA, which makes Fiat, Lancia and Alfa Romeo vehicles, has been trying to re-enter the United States for the first time since 1983.

Morey money-related links:

Load Comments