Chrysler ends alliance with Mitsubishi and Hyundai

DETROIT - September 10, 2009 Fiat has 20 percent ownership stake in Chrysler.

The Global Engine Manufacturing Alliance (GEMA) between Mitsubishi, Hyundai and Chrysler was disbanded last month, with Mitsubishi and Hyundai selling their stakes to Auburn Hills, Mich.-based Chrysler for an undisclosed amount.

Chrysler says the move will have no effect on workers making the codeveloped engines at a plant in Dundee, Mich. The plant will continue to produce engines for the Dodge Caliber, Avenger, Jeep Compass and Patriot and Chrysler Sebring.

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