Chrysler completes sales of assets to Fiat

• Source: xinhua
• [13:29 June 11 2009]
• Comments

This photo taken on June 10, 2009 shows the logo of a Chrysler vehicle in New York, the United States. Chrysler has completed the sale of its assets to a group headed by Italy's Fiat, allowing for the formation of a new automaker, the US automaker announced on Wednesday. (Xinhua/Gu Xinrong)

"This is a very significant day, not only for Chrysler and its dedicated employees, who have persevered through a great deal of uncertainty during the past year, but for the global automotive industry as a whole," Marchionne said in a statement released on Wednesday morning.

"From the very beginning, we have been adamant that this alliance must be a constructive and important step towards solving the problems impacting our industry. We now look forward to establishing a new paradigm for how automotive companies can operate profitably going forward," Marchionne added.

This photo taken on June 10, 2009 shows the logo of a Chrysler vehicle and a billboard of a Chrysler dealership in New York, the United States. (Xinhua/Gu Xinrong)