Daylife/Getty Images
|
Italian carmaker Fiat and US giant Chrysler have agreed to create a global strategic alliance. Under the terms of the deal, Fiat will get a 35% stake in Chrysler. In return, the US firm will get access to Fiat’s fuel-efficient vehicle technologies.
The United Auto Workers union (UAW) welcomed the deal, saying it could help preserve US manufacturing jobs.
The statement points out, however, that the agreement does not commit Fiat to funding Chrysler in future.
Chrysler has received an emergency loan from the US government worth $4bn, while Fiat has said it needed a partner because it was too small to continue on its own. Fiat chief executive Sergio Marchionne said the deal represented “a key milestone in the rapidly changing landscape of the automotive sector”.
Trading in Fiat shares had earlier been suspended amid speculation of a possible partnership with the US firm. After the announcement was made and trading resumed, Fiat shares rose 3.5%.
Now, bring over the new Fiat 500 with the 1.3 liter turbodiesel. Yes!
#11, when i saw this post I was wishing somebody hadn’t used that….kudos though, it’s a true statement….well used to be if you don’t count modern electronics failures….
#18 perhaps you just didn’t look after your car properly or bought a bad one
#2 yes, and i’m sure they will create a monster that’s way too heavy, has a pointless huge engine,less maneuverability than a boat on land and takes up most of the road.
In Ireland there aren’t many chryslers but they appear to be on the rise..
Needless to say, the people that own them aren’t known for intelligence or style.
Simple fact that American cars are suited to America and nowhere else.
They look pretty sh*t too.
20,
You didn’t hear? Nissan is going to make a small car for Chrysler.
http://autos.canada.com/news/story.html?id=98ca812c-dd33-461a-85ae-703c38d5bf32
I still firmly believe its a song and dance.
Is the term “US giant Chrysler” used with the same understanding as “World’s Only Superpower?”
Oh great, two of my favorite car types!
As a Dodge owner(Darts) I know how this will turn out. Simca Omni from Chrysler Europe anyone?
As a Dodge owner(Darts) I know how this will turn out. Simca Omni from Chrysler Europe anyone?
The Omni GLHS (Goes Like Hell, Some-more)
The problem with Fiat cars in the US previously, were parts availability and American “mechanics”.
They had the occasional electrical problems, (Still better than British imports of the day,remember “Lucas, Prince of Darkness” ?)and finicky fuel systems, but the engines were decent. That Yugo knockoff sucked hard though.
My one experience with a Fiat Spider was trying to change a starter. It required the engine to be pulled off of the transmission and a bunch of other stuff removed to get to it. Not a job for the back yard.
A couple of months later I told here to take it to Tony when the clutch needed changing.
Hey, it was more fun to drive than an MGB or TR7.
#28 How did you like it overall? Reliability, performance, etc.?
#9
I had one of those 70′s fiats. A boxy green thing that got pretty good mileage but was shot by about 70k miles. It rusted out and the engine lost compression. I think it’s still sitting out at my brothers farm. It’s probably mostly compost by now.
I’m still waiting for Dodge to come clean on the
1998-2002 Cummins Turbo Diesel.
I owe $12,000 on a truck that sits in the driveway with a junk fuel injection system.
The truck is amazing when it gets a new Bosch VP-44 injector pump,23 MPG and enough torque to pull a freight train but it usually lasts about
3 months and costs two thousand dollars to fix.
So why is Chrysler in trouble again?
Google:Bosch VP-44 and read 33,000 plus pages
of excuses.
After all the gimmicks to get Me in the door to buy a DCTD and being hit over the head with shady financing and the non-stop runaround with the warranty work,Chrysler Corp. will never,ever get another dime from Me.
I’ve almost saved enough for a used 1996 DCTD
engine with 160,000 miles,like new.
Right now a POS 1970′s FIAT sounds pretty good
and I would buy one,just not from any Chrysler
dealership,it would not matter how good the new FIATs are.
Chrysler and Nortel might get together.