Yesterday it appeared the US Government was prepared to give Chrysler additional aid and a thirty day deadline to complete its joint venture plans with Fiat. Now it looks as though Chrysler and Fiat may have already set up the “framework of a global alliance”.

Nothing has been officially confirmed yet; however Chrysler has released a [...]

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US President Barack Obama has announced that the US Federal Government will supply further aid to General Motors and Chrysler.

The news comes hot on the heels of the US government’s announcement that it would determine an official deadline for carmakers seeking additional Federal aid.

At the least, President Obama’s latest announcment that Treasury purse strings will be [...]

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Fiat has joined the list of auto-makers seeking tax-payer funded financial assistance. Just over a week after announcing a joint venture partnership with Chrysler, Fiat has approached the Italian government with its hands out.

As Italy’s largest private-sector employer, Fiat may have to scrap up to 60,000 jobs if the company isn’t granted financial aid. Negotiations [...]

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