It was only in December that we mention Alfa Romeo was planning to open a factory in the United States. We followed that story with another in March when Fiat also mentioned a possibility of Iveco truck production coming to the States. It was in that same month that Fiat Chief Executive Sergio Marchionne told the Financial Times that his company was in talks with major U.S. automakers about sharing production. On Saturday, Alfa Romeo brand chief Luca de Meo told a German magazine that talks were under way with Chrysler. With Chrysler cutting domestic production, a move like this by Fiat would help both companies. The Italian carmaker, withdrawn from the U.S. market since 1995, would avoid the effects of the strong Euro on exports, and Chrysler would be able to ramp production back up on an idled plant.

[Source: Reuters]