|Chrysler says it has deal with Fiat on global alliance|
Richard Truett / Automotive News Europe 30.3.2009
DETROIT -- Chrysler LLC says it has agreed on terms of a formal alliance with Fiat S.p.A. and Chrysler's majority owner, Cerberus Capital Management LP.
The U.S. Treasury Department supports the agreement, Chrysler said today in a statement.
Earlier today, President Barack Obama gave Chrysler 30 days to conclude an alliance with Fiat to qualify for as much as $6 billion in additional U.S. funding.