Chrysler may produce Fiat cars in Mexico: reportUS automaker Chrysler, which has partnered with Italian Fiat as part of its bankruptcy bankruptcy, in law, settlement of the liabilities of a person or organization wholly or partially unable to meet financial obligations. The purposes are to distribute, through a court-appointed receiver, the bankrupt's assets equitably among creditors and, in most plan, is considering producing Fiat 500 subcompact cars Noun 1. subcompact car - a car smaller than a compact car subcompact auto, automobile, car, motorcar, machine - a motor vehicle with four wheels; usually propelled by an internal combustion engine; "he needs a car to get to work" at its plant in Mexico, The Wall Street Journal reported Monday. Citing "people familiar with the matter," the newspaper said Chrysler is considering what other Fiat models to introduce to the US market. Chrysler is looking at making a small Fiat engine for Fiat 500 at a Chrysler plant in Trenton, Michigan Trenton is a city in Wayne County in the southeast portion of the U.S. state of Michigan. As of the 2000 census, the city population was 19,584. The city is part of Downriver, a collection of mostly blue-collar communities south of Detroit on western bank of the Detroit River, , the report said It is also considering building a Fiat-derived compact car slightly larger than the 500 in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , The Journal said, citing an unnamed "person familiar with the plans." Chrysler and Fiat sealed a deal in June to create a new global auto giant in a milestone for the world industry after the Italian champion stepped in to salvage salvage, in maritime law, the compensation that the owner must pay for having his vessel or cargo saved from peril, such as shipwreck, fire, or capture by an enemy. Salvage is awarded only when the party making the rescue was under no legal obligation to do so. the bankrupt US firm. Fiat will at first hold 20 percent of Chrysler Group, with its equity stake rising to 35 percent and eventually to a majority stake as long as targets mandated by the deal are achieved and US government funds are repaid. 
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