Report: US task force urges Fiat partnership for Chrysler
Submitted by Manish Sood on Mon, 03/30/2009 - 05:54
Washington - Chrysler's best hope for survival is in a partnership with Italy's Fiat SpA, a US government task force has concluded, according to the Wall Street Journal early Monday.
The Journal cited a memo released late Sunday by the auto task force overseeing the US government bail-out of the car industry.
The report also said both Chrysler and General Motors may find the best route to viability through a "quick surgical" bankruptcy restructuring. (dpa)
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