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Breaking: Chrysler, Fiat agree to strategic alliance

04/29/2009, 4:46 PM

By Drew Johnson (of Leftlane.com)

Chrysler has until April 30th to ink a strategic alliance with Fiat, but it appears as though the Michigan automaker has finalized the deal a day early. Reports are now surfacing that Chrysler and Fiat have finally come to an agreement, with the deal set to be signed by Thursday.

According to the Associated Press, Fiat will sign a strategic alliance with Chrysler by Thursday. President Obama gave Chrysler until April 30th to sign a deal with Fiat or face possible bankruptcy.

Although nothing is officially scheduled, we could hear an announcement on the subject in the coming hours. Television crews have surrounded Chrysler’s Auburn Hills headquarters, possibly in anticipation of a forthcoming announcement.

Stay tuned to Leftlane News for the latest on this breaking story.

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