Done Deal: Italy's Fiat Now Owns Most of Chrysler's Assets

Italy's Fiat has closed a deal that makes it the owner of most of Chrysler's assets and saves the ailing Detroit automaker from liquidation. For surviving Chrysler dealerships the new era means selling the very same models from a brand new entity. "A new company, a new start, will give us a way to go," says Daniel Frost, president of Southfield Chrysler Jeep in Southfield, Mich. "We're not carrying over all the burdens of the old company." At the company's old headquarters in Detroit, a new...Full Story
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