Chrysler's proposed deal with Fiat is worth up to $10 billion for the cash-strapped U.S. automaker and could preserve 5,000 North American manufacturing jobs, Chief Executive Bob Nardelli said Monday.
"We estimate the cash value of Fiat's contribution to be between $8 and $10 billion considering the cost to develop these vehicles, platforms and powertrains from scratch," Nardelli said in a email to employees.
CNBC.com
Chrysler
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The value of the proposed deal would come from synergies in the areas of purchasing, engineering and contribution of technology, Nardelli said.
The last time all three major indices were up for a simultaneous 5-day streak was in November 2006.