Fiat given 34% of Chrysler for free.

[southtj]

Chrysler's Italian Savior
Parmy Olson, 01.20.09, 07:00 AM EST
Fiat will take a 35% stake in Chrysler to gain access to the U.S. market but will pay nothing for it.

Chrysler has once more found a savior across the Atlantic to help keep it alive, except this time it is not German but Italian. Fiat confirmed late Tuesday morning in Milan that it had struck a nonbinding pact with the American carmaker in which it would take a 35.0% stake in Chrysler and share products and platforms with the firm.

A final accord will be agreed "in due course," a Fiat spokesman told Forbes, although Fiat will not pay a cent for its stake and has made no commitment to funding Chrysler in the future. In return, Chrysler will get access to Fiat's small-car technology.

Rest of the article here.

Pasta powered Jeep?

 

[SteelHeadz]

Now That's Funny!! I own a 77 Pininfarina Spyder. Fun car to drve.

 

[Collin the Hen]

Hey, I'd rather have a Pasta powered Jeep than a Dirty Rice powered Jeep from India.

 

[wrangleramp88]

Hey, I'd rather have a Pasta powered Jeep than a Dirty Rice powered Jeep from India.

Amen to that.

 

[TerryMason]

I'm looking for a Jeep with a Ferrari engine

 

[SteelHeadz]

I'm looking for a Jeep with a Ferrari engine

Would you like some Fries with that? haha:lol:

 

[TerryMason]

Well, Fiat owns Ferrari, so I imagine they just need to make a few calls

 

[SteelHeadz]

It would be Weird to see a Jeep with a Rear mounted transverse engine.