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Saturday, April 4, 2009

Fiat execs come to U.S. to hash out new Chrysler deal

An alliance between Italy's Fiat SpA and Chrysler LLC presents "an extraordinary opportunity," Fiat Chairman Luca Cordero di Montezemolo said Tuesday, adding he hoped an agreement would be concluded in the next few weeks.Top Fiat SpA executives are in Detroit today as the clock ticks on the 30-day window for the Italian automaker and Chrysler to finalize a deal to form an alliance.Chief Executive Officer Sergio Marchionne and Alfredo Altavilla, who oversees business development for Fiat, left Italy Monday night on a day that saw U.S. President Barack Obama and his auto task force announce their conclusion that Chrysler is not a viable company on its own.The fate of Chrysler -- and the prospect of an additional $6 billion in federal loans --...

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