Fiat and Chrysler Agree To Partnership Terms

by Tim Joseph

Chrysler, LLC and Fiat have agreed on terms that will give the Italian automaker 35% stake in Chrysler and will, in exchange, share technology with Chrysler. Fiat will not imediately put cash into Chrysler but will, however, supply Chrysler with their fuel efficient vehicle platform and other assets, as well as expand Chrysler's reach in Europe.

Details are still emerging and I'll keep you posted as I hear things.