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Chrysler says it has deal with Fiat on global alliance
30.03.2009, Hakulinen Yrjö


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.