If Fiat dumps Chrysler, will GM and Chrysler merge?

Filed under: Company News It’s beginning to look like the cozy little plan of salvaging Chrysler through an investment from Italy’s Fiat is going to fall flat on its face. And if it does, this will leave the U.S. in an awkward position. In addition to forking over another $77 billion to get General Motors Corp. ( GM ) over its bankruptcy hump, it will need to deal with Chrysler as well. And that could mean more taxpayer money going to finance a merger between the two. A few weeks ago, it looked like Fiat would give access to

technology, platforms and research worth $10 billion in exchange for a 35 percent ownership stake in Chrysler — thereby taking some heat off the U.S. government. Chrysler has already received $4 billion in U.S. loans, but that will only last for two more weeks, so it wants $9 billion more. Continue reading If Fiat dumps Chrysler, will GM and Chrysler merge? If Fiat dumps Chrysler, will GM and Chrysler merge? originally appeared on Daily Finance on Wed, 15 Apr 2009 10:30:00 EST. Money.Finance|Finance|Finance

Originally posted here:
If Fiat dumps Chrysler, will GM and Chrysler merge?



Leave a Reply