It finally: Chrysler belongs to the people, but Fiat

Chrysler belongs to the people, but Fiat

It was decided: Chrysler as we know it all, OGETHER with the models they produced, no longer exists. Instead, UAW union will have 68%, Fiat will own 20%, while the remaining 12% will belong to U.S. and Canadian governments.

It was decided: Chrysler as we know it all, OGETHER with the models they produced, no longer exists. Instead, UAW union will have 68%, Fiat will own 20%, while the remaining 12% will belong to U.S. and Canadian governments. The transaction is also legal, the U.S. Supreme Court this DIVIDED probed of Chrysler. U.S. Company avoids liquidation.

Interesting to note is that Chrysler's best assets will go to new company run by people from Fiat.

Chrysler Fiat will make available to its latest technologies, platforms and engines for small and medium-class cars, inclined environmentally friendly vehicles.

On the other hand, the new Chrysler will have access to expertise in the management of Fiat, and also allowed to own cars by Vanda and distribution network of Fiat, mainly on markets in Latin America and Russia.

Fiat Chief Executive Sergio Marchioness became executive chairman of Chrysler Group LL C.

The two companies will build in the U.S. based model Alfa Romeo 149 which nice not been released in Europe.

It's quite possible that Americans build engines and Fiat in the U.S., while the Fiat 500 and he would be released in the U.S...

Chrysler belongs to the people, but Fiat

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