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Fiat can't get hold of Chrysler cash

Chrysler Ypsilon
Chrysler Ypsilon



Fiat is losing a lot of money right now, but its purchase of currently cash-rich Chrysler was thought to be its lifeline.

However, according to a story on USA Today, Fiat is forbidden from taking Chrysler's cash, under the terms of its deal with the US Government. This situation was never anticipated when Chrysler was at death's door and Fiat agreed to take it off the US Government's hands. Then the big worry was that Chrysler would drag down Fiat.