The Supreme Court has approved the sale (give away) of Chrysler to Fiat – the Italian Jeeps are coming. Can I get one with a Ferrari engine in it, do you think?
the Turin, Italy-based carmaker and its partners yesterday bought most of Chrysler’s assets, creating the world’s sixth-largest auto producer. His first move was to reshuffle the U.S. company’s leadership around its Chrysler, Jeep and Dodge brands, emulating a similar move he carried out at Fiat when he arrived in 2004.
Chrysler is losing as much as $100 million a day, global car demand is withering amid the biggest recession since World War II, and Marchionne needs to refinance about 4.5 billion euros ($6.3 billion) of Fiat debt coming due this year.
