Fiat will acquire an initial 35 percent stake in Chrysler. This has been confirmed by both automakers via a joint statement, that states among other benefits:
Chrysler will gain access to competitive, fuel-efficient vehicle platforms, powertrains, and components (to be produced at Chrysler manufacturing sites)- Fiat will make available its distribution network in key growth markets
- Substantial cost savings opportunities will be a target
Tags: Fiat, Chrysler, automotive, auto industry, automotive industry
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Posted by almcclymont 
"Fiat would give Chrysler access to its mini-, small-, lower-medium and upper-medium platforms, engines and transmissions. This would allow Chrysler to quickly build a complete new range of front-wheel-drive, low-emission vehicles."
Posted by almcclymont 
