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Posted by MoparNorm on Tuesday, March 31, 2009 at 18:25:23 :
In Reply to: That should be GM or Chrysler...ntxt posted by Ed Tavernier on Monday, March 30, 2009 at 22:29:52 :
Fiat, is assuming no debt, paying no money.
Not a bad deal to get 20% of Chrysler, while contributing no equity.
This deal makes no financial sense as Chrysler will also pay to install Fiat tooling in US plants and engineer Fiats for the US regulations.
Seems to me Chrysler could build their own small cars at the same cost in the same time span.
The real reason? It lets Cerberus jump ship and get out of town under the cover of darkness....