Chrysler Solidifies Deal With Fiat…That Was Quick - SRT Forums

Administrator · 03-30-2009, 02:04 PM

Hours after President Barak Obama gave Chrysler a deadline of 30 days in which to solidify a partnership with Fiat, a deal has indeed been made.

"We are pleased that Chrysler, Fiat and Cerberus have reached agreement on a framework of a global alliance, supported by the U.S. Treasury," said Chrysler Chairman and CEO Bob Nardelli in a press release issued by Chrysler. "Chrysler has consistently said that the alliance with Fiat enhances its business model that expands its global competitiveness. We appreciate the willingness of the Task Force, along with industry and financial experts, to consult closely with us in order to achieve this significant step."

The new partnership will see Fiat provide Chrysler with technology, products and several vehicle platforms for global distribution.

"Fiat strengthens Chrysler's ability to create and preserve U.S. jobs; gives U.S. consumers more choices for environmentally advanced vehicles; gives its dealers more of the products they need to be successful; helps stabilize the supplier base; and allows Chrysler to pay back government loans sooner," continued Nardelli.

"I want to personally assure all of our customers, dealers, suppliers and employees that Chrysler will operate 'business as usual' over the next 30 days. While we recognize that we still have substantial hurdles to resolve, Chrysler is committed to working closely with Fiat, the Administration, U.S. Treasury and the Task Force to secure the support of necessary stakeholders."

The final details of the Chrysler and Fiat partnership (whether it be a merger or ownership) must still be worked out over the next 30 days, after which Chrysler is still seeking $6 billion to get the new Chrysler on its feet.

More: Chrysler Solidifies Deal With Fiat…That Was Quick on AutoGuide.com

NeonDan · 03-30-2009, 02:07 PM

theres hope!

SpitterGuy · 03-30-2009, 02:52 PM

I read it's only the framework of the deal, but still another step closer to saving Chrysler.

JamieK913 · 03-30-2009, 08:26 PM

They'll still have SRT i hope!

projectNEON · 03-30-2009, 11:02 PM

Fiat??? Oh great

srt-4dude · 03-30-2009, 11:06 PM

lol fiat cars are small well the ones i saw in mexico were lmao
1

Bebo · 03-31-2009, 05:03 AM

I didn't get all the details but, that sounds like they were forced into a partnership by the gov.

SRT Jeff · 03-31-2009, 06:55 AM

Yeah so much for private industry. Ill bet Osama will have a say who runs gm now! FIAT oh man there goes the hood! fiat= Fix it again Tony! FIAT= Found in alley trashed!

JamieK913 · 03-31-2009, 11:10 AM

I guess the fiat 500 was considered better than the mini to a lot of people. Atleast the abarthe edition, maybe abarthe and SRT will get together! Organizations that know a lot about power and handling put together could be a good combo?

STUDLEE · 03-31-2009, 11:14 AM

Its actually a smart Idea. This allows dodge to gain the revenue from the sales of the Fiat in other countries

ram50rocket · 03-31-2009, 02:13 PM

Don't dog Fiat untill you've driven one. The 99' Brava HGT I rented once in Germany had balls, inline 5, had it up to 130mph. Ugly car's but lets see what they come up with.

woltegsrt4 · 04-01-2009, 02:31 PM

As far as my experience with FIAT in europe. All I can say is that it is a good car to beat around town, good on gas mileage and they are priceless to knock out TRASHCANS...lol! They are cheap built and to be honest the only one that I did like a bit was the PUNTO Turbo, that was about IT! This was more from a corporate point of view then a merge I hope. Chrysler was cheaply build enough as it was.

njshift · 04-01-2009, 02:55 PM

What the f*ck are some of you talking about? This can be great news.
Some of the companies in the Fiat Group include Ferrari, Maserati, and Alfa Romeo. Last time I checked all those cars are badass.

JamieK913 · 04-01-2009, 09:01 PM

Quote: Originally Posted by njshift

What the f*ck are some of you talking about? This can be great news.
Some of the companies in the Fiat Group include Ferrari, Maserati, and Alfa Romeo. Last time I checked all those cars are badass.

Agreed, i thought it was a great deal for chrysler. Gives them a global market they really didn't have at all compared to GM and Ford

lilviper · 04-02-2009, 07:22 PM

fu%$ing socialists.