Chrysler/Fiat deal closer
words – Stephen Ottley

Pieces falling into place for American-Italian alliance

With the US government deadline looming for Chrysler LLC the beleaguered auto maker is looking likely to reach an agreement with Fiat to avoid bankruptcy.

The company managed to strike a last minute deal with the powerful United Auto Workers Union yesterday and is now awaiting approval from its members which should be the last major hurdle it has to overcome.

The deal with the UAW comes after a similar breakthrough with the Canadian unions and an agreement from Daimler to shed its final stake in Chrysler. Reports from the US indicate that should be enough for the proposed alliance between Chrysler and Italian giant Fiat to go ahead by the end of the month.

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