Category: Fiat

In view of this new agreement and with the prospect of a stable future for Formula One, FIA President Max Mosley has confirmed his decision not to stand for re-election in October this year.

GM may also be a winner, because if Chrysler can prove that filing bankruptcy doesn't automatically mean a collapse of any remaining sales prospects, the General may determine a similar BK filing could further reduce its debt load, while enabling it to develop a new array of products.

BMW and Fiat promise to consider working together.