According to the online edition of the Financial Times, Fiat has reached an agreement to purchase a 35 percent stake in Chrysler, meaning Fiat could in future buy a majority share in struggling Chrysler which recently received a significant bail-out from the US government.

The companies are tight-lipped about the matter, though it is said the Fiat-Chrysler move involves less money on the table, and more reciprocal joint ventures. Chrysler would put facilities and sales network at Fiat’s disposition, while the Italian company would offer its expertise in the compact car sector whereby the American giant could gain some government rebates.

Source | Financial Times

Continue reading: Fiat to reach 35 percent stake in Chrysler

It’s official: the agreement between Fiat Autombiles and BMW AG does not regard however, as first thought, the Mini and Fiat brands, but rather Mini and Alfa Romeo. A letter of intent (precluding the official contract), has been signed by Friedrich Eichner, member of BMW board of directors and brand development manager, and Alfredo Altavilla, head of business development at Fiat Automobiles and Fiat Powertrain Technologies.

The agreement includes engines and transmission as these are the principal technologies of the Powertrain division. The two sides have said “the possibilities of reaching a common use of components and systems on Alfa Romeo and Mini vehicles is being examined to create economies of scale and cost reduction”. If these initial contacts turn out well, Fiat and BMW should sign the definitive undertaking by the end of the year.

Via | Quattroruote

Continue reading: Fiat and BMW officially confirm agreement