Wednesday, Dec 07, 2016
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Automotive

Fiat and Chrysler sign alliance plan

ROME Fiat and Chrysler have signed a nonbinding agreement for a strategic alliance that would give the Italian auto empire a 35-percent stake in the troubled U.S. carmaker.

The two companies said in a joint statement Tuesday they would share technologies and vehicle platforms. Under the proposed alliance, Fiat would not invest cash in Chrysler but would provide access to its products and platforms.

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