Chrysler's fate is in the hands of the US Government and a brilliant Canadian who heads a, formerly itself ailing, Italian industrial giant. How bizarre is that!
I suspect Chrysler is beyond saving and this deal will, at best, result in a genuine US presence for Fiat Group. It's also an escape clause for Cerberus who probably only want the Finance arm, if anything.
Still, if anyone can, Sergio can!
In the past five years, Fiat’s Canada-raised CEO Sergio Marchionne achieved what no one could do in Detroit: He took a company on the verge of collapse and made it profitable. Perhaps even more unlikely, the former chartered accountant with an MBA and law degree is now Chrysler’s best hope for survival.