After making it look like a deal with Fiat was done, Chrysler had to back track on statements to the effect.

Chrysler initially said that, “We are pleased that Chrysler, Fiat and Cerberus have reached agreement on a framework of a global alliance, supported by the U.S. Treasury. “

The No.3 US car company then released a statement that there were still a number of hurdles to finishing a deal with Fiat.

Someone is bound to be right.

Douglas A. McIntyre