Chrysler-Fiat make a Huge $3.3 billion deal with a Russian vehicle builder

When Sergio Marchionne, chief executive officer of Fiat Group and Chrysler Group, signed off on a $3.3 billion deal with a Russian vehicle builder, he emphasized technology from Jeep was critical to the new alliance.

Fiat is putting up half the $3.3 billion for the deal, and Sollers, Fiat’s Russian partner, is putting up the other half with the help of the Russian government....More

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Chrysler-Fiat Merger Or Liquidate

From The Ap
Chrysler and Fiat must merge to get more help for the Auto Task Force

Frustrated administration officials, speaking on condition of anonymity ahead of Obama's announcement, said Chrysler has been given a 30-day window to complete a proposed partnership with Italian automaker Fiat SpA. The government will offer up to $6 billion to the companies if they can negotiate a deal before time runs out. If a Chrysler-Fiat union cannot be completed, Washington plans to walk away, leaving Chrysler destined for a complete sell-off....More

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