Chrysler and Fiat Create giant World Cars

Minister of Industry Canada, Wednesday, welcomed the merger between Chrysler and Fiat to create a new global car giant after the Supreme Court of the United States to explain how they are merging.

Ottawa, 11 / 6 (AutomotiveRoll) - Minister of Industry Canada Wednesday welcomed the merger between Chrysler and Fiat to create a new global car giant after the Supreme Court of the United States to explain how they are merging.

"The Government of Canada is confident that we will see the competitiveness of Chrysler Canada Inc. That will produce and sell cars made in Canada and will continue to play an important role in Central America operating company," said Industry Minister Tony Clement in a statement, as quoted from AFP.

"Restructuring Chrysler is good news for the supply chain of spare parts to Canada and the Canadian consumer,` he said.

"The company can now focus on the production of high quality vehicles that customers want."

In a letter to the workers Chrysler, Fiat chief executive Sergio Marchionne said that Fiat and Chrysler have been combined ranked as the sixth largest car industry of the world.

Ottawa to allocate 22.4 billion U.S. dollars for Chrysler in April to assist the restructuring process is different. (Ant)