Perspectives on where our world is heading from a vantage point in Denver, Colorado.
21 January 2009
Fiat Buys Chrysler Stake
Italian automobile maker Fiat is purchasing a 35% equity stake in American automobile maker Chrysler. The move provides hope for the most troubled of the Big Three American automobile makers, with both GM and Chrysler on the brink of bankruptcy and receiving federal bailout financing. An ultimate merger of the companies is a possibility.