April 15, 2009

Fiat CEO: Concessions or no Chrysler deal

Fiat CEO: Concessions or no Chrysler deal: "Automaker Fiat Group SpA will walk away from a deal to take a 20-percent stake in Chrysler LLC if the U.S. automaker's unions don't agree to major cost cuts, Fiat CEO Sergio Marchionne said in an interview published Wednesday."