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Monday, March 30, 2009

Chrysler & Fiat Reach Agreement

SAN FRANCISCO -- Chrysler LLC and owner Cerberus Capital Management said Monday they entered into a global alliance with Italian auto maker Fiat SPA with the help of the U.S. Treasury. Chrysler said the Fiat alliance will not only help it pay back government loans sooner but strengthens its ability to create and preserve U.S. jobs. The alliance raises the possibility that the U.S. government may invest another $6 billion in Chrysler. - FOX Business News

Seems a bit fishy how all of this is working. Hmmmmm

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