Chrysler to retool Mexico plant for Fiat 500 production


This is the plant that builds PT Cruiser, an aging product that Nardelli was prepared to kick to the curb with no replacement product in the pipeline. Marchionne arrives with a product that can play a niche roll in US/Canada fits needs of Mexico well, AND is already sold in Brazil... Under the Mercosur free trade agreement, the car can be produced in Mexico and sold in Brazil at a much more competitive cost. I call that a win win for an existing plant that will help Chrysler pay back the U.S. government, and would otherwise be a drag on Chrysler.