Fiat has aid for Chrysler
WASHINGTON - The chief executive of
Sergio Marchionne said the administration's auto task force was receptive to a proposed partnership that would give Fiat a 35 percent stake in the struggling US automaker in exchange for new technology but no cash.
"We can add value," Marchionne told reporters after the 2 1/2-hour meeting with the auto panel at the Treasury Department. "That's the real issue and it's a necessary ingredient of the revival of Chrysler."
Fiat made its presentation in advance of the panel's meeting with bondholders of