Fiat bids for Stake in Chrysler
This week, Fiat will bid for a 35% stake in Chrysler. The deal has to pass muster by federal regulators to become reality. The strange thing is Fiat has no money to do this. They are banking on Chrysler getting some bail-out money from the Federal Government. Fiat believes they know more about running an automotive company than the adventure capital group, Cerberus. Daimler yet owns a significant chunk of Chrysler. They were unable to unload all of it.
So, what are your thoughts on this? The end of Chrysler nameplate (the corporation is already gone) or a new beginning?