US: Fiat alliance worth $8bn-10bn to Chrysler

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Chrysler has had "very constructive discussions" with the US treasury and the presidential task force on the auto industry, chairman and CEO Bob Nardelli said in an email to employees. He also estimated the cash value of Fiat's contribution to be between $8bn and $10bn based on what it would cost Chrysler alone to develop and build the vehicles the Italian automaker would help with. Full story...