Chrysler’s Viper business is now owned by Fiat

The folks over at Inside Line have done some digging and found out the Chrysler has handed over its Viper assets to Fiat, which took control of the Auburn Hills automaker on Wednesday as it emerged from Chap. 11.

Viper now being owned by Fiat means that Scott Devon, supercar entrepreneur who owns Devon MotorWorks, is still looking for a donor car for his company’s new Devon GTX. Scott Devon had made a $5.5 million bid for Viper brand and offered to lease out Chrysler’s Connor Avenue plant where the Viper is assembled.

In bankruptcy court, Chrysler said that it had no offers for Viper prior to its Chapter 11 filing.

It was reported earlier this month that Chrysler failed to disclose another $35 million bid for Viper. In a letter to Bob Nardelli, Rep. Darrell Issa, Calif. said that the lack of disclosure about the information on the bid suggests that Chrysler”s bankruptcy was mishandled.

Guess all that doesn’t matter anymore.

– By: Mo Eladawy

Source: Inside Line