Wednesday, 28 January 2009 12:35

Chrysler turns to Fiat for strength

Chrysler has grabbed a tenuous lifeline, agreeing to give Italian automaker Fiat 35% of the company in exchange for access to its small car platforms and a global dealer network.

Whether the alliance works to save the ailing automaker before it runs out of cash, or perhaps makes it harder for Chrysler to get further taxpayer loans, are questions that could take some time to figure out.

click for story