Wednesday, January 21, 2009 12:00 AM
A new partnership between Italy’s Fiat Auto and Chrysler is no Renault-Nissan. It involves zero infrastructure deals or grand electric vehicle schemes. As Chrysler chief Bob Nardelli said today when he announced Fiat’s 35-percent equity interest in the smallest of the Big Three, the automakers’ markets line up nicely: Fiat with small and midsize cars in Europe and South America, Chrysler with minivans, pickups and SUVs in North America. But that’s unlikely to be enough to keep two struggling automakers alive through a bloody industry shakeout.
Josie Garthwaite