F&I Management & Training

Fiat Vice-Chairman John Elkann confirmed Tuesday the group is in talks over taking a stake in Chrysler LLC.Elkann did not release further details. Fiat will release a statement about the talks at 12pm CET on Tuesday.It is not a mystery we are talking with Chrysler, Elkann told Italian news wires. Fiat and Chrysler are discussing forming a strategic partnership that could include a Fiat equity stake in the ailing U.S. carmaker.If the deal is completed, Fiat would get a 35 percent stake in Chrysler in exchange for Fiat's platform, engines and transmission technology, sources told Automotive News Europe. Fiat would have an option to acquire up to 55 percent of the automaker over time, The Wall Street Journal reported.

DATED: 20.01.09

FEED: ANE