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FIAT 500, FIAT 500L, Fiat 500X AND FIAT 500 ABARTH SPECS
Monday, April 20, 2009
Sergio Marchionne, Fiat CEO, flies to the USA to hammer out deal...
With just 10 days to formalize the alliance between Chrysler and Fiat, (in order to satisfy the Obama administrations deadline) Marchionne has his work cut out for him. He must get deeper concessions from the resistant UAW in the US and Canada and come to terms with creditors to whom Chrysler owes a reported $6.9 billion to.
If anyone can do this, Sergio Marchionne is the one. He is credited with pulling Fiat out of impending bankruptcy in 2004 and actually returning it to profit in 2006.
Stay tuned because this will go down to the wire!