Italy's Fiat is the new owner of the bulk of Chrysler's assets, that saves the troubled U.S. automaker from liquidation and places a new company in the hands of Fiat CEO. The deal clears the way for a new, leaner Chrysler Group LLC to emerge from bankruptcy protection minus billions in debt, 789 under performing dealerships and burdensome labor costs that nearly sank the storied automaker.
They project that the new car production will be centered on smaller, more fuel efficient types. They will also enter their technology into the Chrysler high quality cars and trucks. The future lies in what the Fiat company can develop for a new line of Chrysler vehicles.
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