Fiat acquires 35% of Chrysler
I was right when stating a month earlier that the Big Three could get a green bailout if they partnered with European car makers. It seems it was a good idea as Fiat just acquired 35% of Chrysler in exchange for small fuel efficient cars.
This will allow American consumers to soon have access to extra efficient models like the cute new Fiat 500 pictured left. Indeed Fiat is renowned for its gas sipping cars: as less as 4.2 litres for 100 kilometers (around 55 MPG)
Now, what’s next ? Will Volkswagen or PSA partner with Ford or GM ? In any case, be sure that I will keep you posted on any idea that will reduce oil consumption. Learn out more on this event.