Chrysler talking to Tata and Fiat for partnership

Cerberus Capital Management controlled Chrysler is talking to a number of overseas automakers to form a partnership as it looks to increase cash and tap into growing markets outside North America. According to sources familiar with the talks, Chrysler has been talks with India’s Tata Motors and Italy’s Fiat.

Chrysler is talking to Tata Motors to sell its Jeep Wrangler SUVs in India and other Asian markets. Talks with Fiat about leasing production facility in North America are also progressing. The two are also talking about retail distribution in the North American market.

Tata and Chrysler have previously been reported to be working together to sell the electric-powered version of the Tata Ace in U.S.

 

Source: Reuters