Re: FIAT and CHRYSLER

Posted by gerardo On 2009/1/30 18:38:00

And also

"The reason that Fiat is willing to take a 35% share in Chrysler is because they don't have the cash to start from scratch to build factories and a dealership network to sell its autos in the US. The only reason that Fiat was able to obtain a 35% share of Chrysler is because Cerberus the parent company of Chrysler wants to get out of the auto business."

If Chrysler were a truly worthwhile company it would not find it's self in this pathetic position:

From Edmunds:

"Fiat reportedly is considering taking another 20 percent of Chrysler but will pay for this one, albeit still a pittance. Word is it will decide within the year if it will take the added stake and pay Chrysler $25 million for it. Reuters, quoting a source close to the Fiat industrial group, said Fiat's decision to add the stake will depend on whether it sees Chrysler as having a chance to survive as a going concern."http://www.autoobserver.com/2009/01/threesome-fiat-looks-to-link-with-peugeot-as-well-as-chrysler-reports-say.html