Fiat buys Chrysler
Today, Fiat, a major Italian automaker, is the new owner of the majority of Chrysler’s assets. This clears the way for Chrysler to emerge from bankruptcy after shedding nearly 800 dealerships as well as billions of dollars in debt and labor costs.
Fiat plans to reopen most of Chrysler’s factories by the end of June which is great news for many of the workers (and our Economy.) Fiat specializes in a smaller automobile which will fill a gap in the Chrysler car lineup. Chrysler hasn’t announced which cars will remain in its 2011 lineup so for now we will have to wait and see how this changes the face of Chrysler.
On car we will no longer see in the future lineup is the:
Add comment June 10th, 2009
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