According to people familiar with the matter, Fiat is conducting an environmental and safety review of Chrysler’s factories this week. The move is an ongoing part of the Italian automaker’s effort to take a 35 percent stake in the struggling U.S. automaker.
According to a report by Automotive News, sources said that Fiat has hired Environ Holdings Inc. of Arlington, Va, to conduct the studies. Environ has been picking through Chrysler’s facilities to determine whether Fiat will be exposed to any environmental or safety issues if the proposed partnership between the two companies goes through.
As you know by now, Chrysler, which is seeking an additional $5 billion loan from the U.S. government, will get access to fuel-efficient technologies and small-car platforms if its partners up with Fiat. Fiat is return will be able to sell its vehicles through Chrysler’s network.
– By: The Daily Auto Editor