Fiat calls for restructuring of auto industry in the face of crisis

ROME — Fiat, which has recently taken a controlling stake in Chrysler, called Thursday for a “serious restructuring” of the auto industry, saying the global crisis has worsened the problem of production overcapacity.

Source says Fiat still wants deal even if Chrysler forced into bankruptcy protection

MILAN — Fiat still wants to pursue an alliance with Chrysler if the U.S. automaker is forced to file Chapter 11 bankruptcy protection from creditors, a source close to the Turin-based automaker said Monday.