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Chrysler, Fiat sign merger agreement

Business Materials 20 January 2009 16:14 (UTC +04:00)

Italian carmaker Fiat and US car concern Chrysler have signed an agreement to merge their companies, Chrysler disclosed Tuesday, dpa reported.

Chrysler, at its Auburn Hills, Michigan headquarters, said that the agrement is still preliminary and not yet binding.

Further details were not immediately disclosed. Earlier Tuesday, Fiat officials confirmed that talks on a Fiat buy-in at the troubled US carmaker were underway.

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