Fiat CEO Sergio Marchionne has announced at the Geneva Auto Show that he’ll be making a trip to meet with Chrysler execs in the US later this week.
Just what will they discuss? It’s a pretty good bet some of the things mentioned after the jump will come up.
Firstly, there’s the fact that Chrysler’s still strapped for cash—enough that they’re begging the US government for another USD $5bn in bailout funding.
Secondly, there’s the fact that Chrysler believes their impending deal with Fiat (which, we must remember, doesn’t involve any sort of influx of cash from Fiat’s end) will go a long way toward satisfying the terms of the 3-year loan that already got Chrysler their initial USD $4bn in bailout funding.
And thirdly (and perhaps most worryingly), there’s the fact that Chrysler and Fiat still haven’t gotten the almighty okay from the presiding minister the US Treasury.
Details, shmetails. More news on this once there’s news to report, and you don’t know how tempting it was to write a headline that would very much have resembled “Marchionne of the Puntos.”
[Thomson Merger News (reg. req.)]