Hoping it will hold together Fiat and Chrysler

Hoping it will hold together Fiat and Chrysler

SHADY car dealers sometimes “cut-and-shut”, welding together two badly damaged vehicles to create a new one that looks sound but is always at risk of falling apart. Chrysler was close to the scrapyard when America’s carmakers sought bankruptcy protection in the wake of the financial crisis. Fiat acquired an initial 20% stake in 2009 in a deal with the Obama administration and saved the company. Now the Italian carmaker is on course to take full control of Chrysler and merge the two firms into a global giant. But is their…

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