We had to skip out on yesterday’s Miscellaneous Thoughts since we were experiencing technical difficulties. Nonetheless, we are back today with some random ramblings that have been going on behind our editor’s desk here at egmCarTech.
Chrysler and Fiat alliance gets U.S. antitrust approval: The Chrysler and Fiat alliance have received the approval of the U.S. Federal Trade Commission. Fiat will take an initial stake of 20 percent followed by 35 percent stake when Chrysler comes out of bankruptcy. Fiat is looking to increase its stake to 51 percent after Chrysler repays its U.S. government loans. – Reuters
U.S. suppliers need $33.5 billion to stay solvent: According to a study released by A.T. Kearney Inc., automotive suppliers need up to $17 billion to $33.5 billion over the next two years to avoid a wave of bankruptcies, reports Automotive News.
Mini Speedster coming to Frankfurt Motor Show in September: L’Automobile is reporting that Mini plans to reveal a two-seater Mini Speedster variant at the 2009 Frankfurt Motor Show. The Mini Speedster will feature a fabric soft-top and should hit markets by 2010. – L’Automobile
– By: Omar Rana