Fiat checking Chrysler plants
Posted on March 19th, 2009 • by Bill Cawthon
Fiat SpA has hired Environ Holdings, Inc. of Arlington, Virginia, to conduct environmental and safety studies of Chrysler factories. The Italian automaker wants to ensure there are no potential liabilities should the proposed alliance be completed.
The alliance, which is still contingent on Chrysler’s receipt of additional government funding, is widely viewed as Chrysler’s best scenario for long-term success. Chrysler CEO Bob Nardelli has said the Fiat contribution of small car platforms and technology is worth about $10 billion as it would help the company reduce its dependence on trucks and achieve new federal efficiency standards.
