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Sunday, June 7, 2009

U.S. Pushed Fiat Deal on Chrysler - WSJ.com

U.S. Pushed Fiat Deal on Chrysler - WSJ.com:
"WASHINGTON -- The Obama administration rushed an alliance between Chrysler LLC and Fiat SpA despite Chrysler's worries about Fiat's financial health and its willingness to share technology, according to internal company emails.

The emails show Fiat ignoring requests for documents and trying to change contract terms late in the talks. A Chrysler adviser at one point said the deal risked looking as if the U.S. auto maker and the Treasury Department, which helped broker the pact, were 'in bed with a shady partner.' In another note, an official referred to the Treasury Department as 'God.'"

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