| | |  Business News | August 2009 
Report: Chrysler to Build Fiat 500 in Mexico
 Associated Press
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August 17, 2009
| | US automaker Chrysler, which has partnered with Italian Fiat as part of its bankruptcy plan, is considering producing Fiat 500 subcompact cars at its plant in Mexico, The Wall Street Journal reported Monday. (AFP/Chris Mcgrath) | |
New York – Chrysler Group LLC is planning to build the Fiat 500 small car at a plant in Mexico, according to a report published Monday.
The automaker could also build an engine for the 500 at a plant in Trenton, Mich., and is weighing building another compact car similar to the 500 in the U.S., according to The Wall Street Journal, which cited anonymous sources familiar with the matter.
Chrysler spokesman Gualberto Ranieri declined to comment Monday.
Italy's Fiat Group SpA took a 20 percent stake in Chrysler earlier this year as part of the Auburn Hills, Mich.-based automaker's exit from bankruptcy protection. The company has also received billions in loans from the federal government, which owns an 8 percent stake in the company.
Fiat, as part of its purchase, had announced plans to bring the hugely popular 500 to the U.S., along with the Alfa Romeo brand and Fiat-designed compact and midsize cars. The Italian automaker also plans to bring engines, transmissions and other technologies to Chrysler.
Chrysler operates an assembly plant in Toluca, Mexico, that builds the PT Cruiser sedan and Dodge Journey crossover and employs more than 2,100 workers organized under a Mexican union. The company also has a truck assembly plant in Saltillo, Mexico. |
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