However, with the auto bailout package passed and Chrysler receiving essential loan money, it’s determined to turn around and regain an advantage on its publicly owned domestic competitors GM and Ford. Today it announced a big new partnership that will take many by surprise. Chrysler is pairing up with Fiat.
But a tie-up also could be a huge winner for Fiat, which has been angling to get its phenomenally popular 500 model, as well as the stylish Alfa Romeo luxury brand, to American consumers for years. Chrysler's infrastructure could allow the Italian company to do that on the cheap.