Wednesday, 28 January 2009 12:42

Chrysler talks to others in case feds veto Fiat deal

Although defending proposed alliance, top exec says automaker is also exploring other alternatives.

Chrysler LLC Vice Chairman and President Jim Press said the automaker is in talks with other possible partners if the U.S. Treasury Department rejects a tie-up with Fiat SpA, and defended the proposed alliance saying it would help preserve U.S. jobs.

"If it doesn't work out with Fiat, we still have had other conversations with other potential partners and alliances and those obviously can continue, so we have other alternatives," Press told reporters Tuesday, saying some of those talks have not been made public. "It's a little bit like dating: nobody knows who we're dating. We don't need the paparazzi to follow us around and put pressure on the dates."

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