Fiat
Riding to the rescue?
It isn't likely to stave off plant closings or impending layoffs, but the Fiat 500 could be the car to ultimately save Chrysler.
Detroit Free Press columnist Mark Phelan predicts the Italian minicar could hit American streets early next year and that high-volume U.S. assembly of the 500 could make or break the Chrysler-Fiat alliance. He writes:
The best estimates are that Chrysler factories in North America may be producing between 400,000 and 600,000 Fiat-based vehicles a year by 2013 or 2014. That should be enough to keep two or three Chrysler factories open. Early indications are four plants are in the running for that work: two in the United States, one in Mexico and one in Canada.
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