Can Fiat save Chrysler?

Why the Italians are buying part of Detroit’s weakest link

What happened

Fiat is taking a 35 percent stake in struggling automaker Chrysler LLC, with an option to increase its ownership to a controlling 55 percent. In return for its initial stake, Fiat will retool a Chrysler plant to make one or more Fiat models that would then be sold in the U.S.; it will also share its small-car engine and transmission technology with Chrysler. (The Wall Street Journal)

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
To continue reading this article...
Continue reading this article and get limited website access each month.
Get unlimited website access, exclusive newsletters plus much more.
Cancel or pause at any time.
Already a subscriber to The Week?
Not sure which email you used for your subscription? Contact us