Italian auto maker Fiat is still in talks with struggling US auto maker Chrysler in a deal that is seen to be beneficial for the Italian car maker.
Under the proposed deal, Fiat will have a 35% company share in Chrysler in exchange of allowing the latter to access the former's fuel efficient platforms and sales to markets outside the United States.
This is largely seen to be a good deal for Fiat since this will allow the company to enter the US market, still the world's largest despite the recession.
Chrysler, in an effort to keep up with its competitors and the declining economy, launched its first ever electric hybrid car, making it the fourth electric prototype of that kind. It's called the Jeep Patriot.
For more details about this prototype unit, read this article on Bloomberg
