FT.com / Companies / European companies - Fiat to take 35% stake in Chrysler: "Fiat is to take a 35 per cent stake in Chrysler as part of a deal between the Italian and US automakers as they seek to weather the severe downturn in the automotive industry.
The two groups confirmed on Tuesday that they had signed a “non-binding term sheet to establish a global strategic alliance” that would see Turin-based Fiat acquire the stake in Chrysler in exchange for production and distribution assets."
Tuesday, January 20, 2009
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