In an interview with Bloomberg yesterday, Fiat CEO Sergio Marchionne said that he will head Chrysler LLC (if it is still called that after bankruptcy) once it emerges from Chapter 11 bankruptcy. “Chrysler is on track to re-emerge from bankruptcy in 60 days,” Marchionne said. “I will become Chrysler CEO after that.” The idea has been discussed in meetings with the U.S. Treasury, he told Bloomberg.
These reports are probably true. While Fiat will be the saviour for Chrysler, Fiat will actually own 35% of the Chrysler LLC Group. So with Marchionne in-control, Fiat might be planning to take over Chrysler someday.