Fiat Group, Chrysler and its parent company Cerberus Capital Management last week released a joint statement announcing they had signed a non-binding term sheet to establish a global strategic alliance. The alliance, to be a key element of Chrysler’s viability plan, would provide the American carmaker with access to competitive, fuel-efficient vehicle platforms, new powertrains, and components to be produced at Chrysler manufacturing sites. Now it appears PSA Peugoet Citroen may be joining the two as well, via a merger with Fiat. The new deal between Fiat and Peugeot is far from certain, however.
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