Fiat and Chrysler deal confirmed
* New company will start immediately * Deal won't cost Fiat any money * Fiat will help Chrysler build smaller cars...
The strategic alliance between Fiat and Chrysler has been completed.
The US Supreme Court gave the deal its seal of approval on Wednesday.
Fiat's chief executive, Sergio Marchionne, will head the new company, which will become operational immediately.
Mr Marchionne said, 'This is a very significant day, not only for Chrysler and its dedicated employees, who have persevered through a great deal of uncertainty during the past year, but for the global automotive industry as a whole.'
The deal will not cost Fiat any money, but the manufacturer will use its technology to help Chrysler build smaller, more environmentally friendly cars.
Fiat's alliance should now pave the way for Chrysler to emerge from bankruptcy protection.
Best pick-up trucks 2023
The best pick-up trucks are tough and dependable working vehicles that can serve as practical family cars at the weekend. These are the best pick-ups available in the UK (plus one electric model)
