Marchionne signs a historic FIAT-Chrysler partnership agreement: the alliance combines Fiat’s technology, its platforms and engines for small and medium-sized vehicles, its vast distribution network in Latin America and Europe with the assets of Chrysler, which has a strong presence in North America. This involves the accelerated sale of substantially all Chrysler assets to a new company that, upon closing, will grant Fiat a 20% stake, with the option of an additional 31%. The deal was strongly supported by President Obama.
