A picture of the reconstituted Chrysler emerged last week after the automaker filed for Chapter 11 protection from creditors in U.S. Bankruptcy Court.
A new Chrysler: Under supervision of the court, the Obama administration auto task force plans to sell the viable parts of the company to a new entity.
Fiat: Fiat, seeking economies of scale, adds Chrysler to its global alliance. The Italian automaker will provide fuel-efficient engines and platforms to revive Chrysler's lineup -- but no cash.
Ownership: Fiat will own 20% of the new Chrysler at first, the UAW will own 55%, the U.S. Treasury will own 8%, and the governments of Canada and Ontario together will own 2%. The UAW's shares will be nonvoting.
Board of directors: Fiat will appoint 3 board members, the U.S. Treasury 4 and the UAW 1.
Management: CEO Bob Nardelli will resign when the new Chrysler emerges from Bankruptcy Court. The top managers of the new company have not been named.
Dealerships: Chrysler plans to significantly thin its dealership ranks while in Bankruptcy Court. The company had 3,250 dealerships on Jan. 1. It's unclear how many dealerships will be dropped.
Dealer financing: GMAC will take over dealer and consumer financing from Chrysler Financial.
Production: All production was scheduled to stop today, May 4, and not resume until the automaker leaves Bankruptcy Court.
Products: Fiat-based vehicles for Chrysler showrooms will be produced in Chrysler's North America factories. They are expected in about 18 months.