- The Washington Times - Thursday, March 19, 2009

AUBURN HILLS, MICH. (AP) - Chrysler says that if its proposed alliance with automaker Fiat SpA goes through, the Italian automaker would be responsible for 35 percent of Chrysler’s debt to the U.S. government.

Chrysler LLC is living off $4 billion in U.S. government loans and it seeking another $5 billion.

CEO Bob Nardelli says in a video posted Thursday on Chrysler’s Web site that the company can be viable on its own. But he says a deal with Fiat would enhance that viability.

Fiat is discussing trading its small-car technology for a 35 percent stake in Chrysler. Nardelli says on the video that Chrysler is considering using four Fiat car architectures as well as two engines and transmissions.



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