Fiat acquires 35% of Chrysler. Fiat, Chrysler, and Cerberus Capital Management (which holds 80.1% of Chrysler’s capital) announce the conclusion of a preliminary, non-binding agreement to establish a global strategic alliance that also provides for the two groups to leverage each other’s distribution networks. The agreement does not include any cash investment by Fiat in Chrysler or a commitment to future financing in Detroit.
