Chrysler to drop own models for Fiat cars: reportUS automaker Chrysler is to drop some of its own models in favor of vehicles from Italy's Fiat, its strategic partner as it recovers from 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 , the Wall Street Journal reported on Tuesday. The newspaper, citing people familiar with Chrysler's plans, said the US automaker will announce on November 4 that it will drop several models from its Dodge and Jeep lines, and phase in the Fiat 500 and the Alfa Romeo Alfa Romeo is an Italian automobile manufacturer founded in 1910. Alfa Romeo has been a part of the Fiat Group since 1986. The company was originally known as A.L.F.A. brands. The companies are also aiming to bring Fiat's technology to Chrysler's US operations, including for a mid-size sedan Sedan (sədäN`), town (1990 pop. 22,407), Ardennes dept., NE France, on the Meuse River. A noted textile center since the 16th cent., Sedan also has metal and brewing industries. The town became part of French crown lands in 1642. slated to be ready by 2012. The Italian group plans to build a new line for the small Fiat 500 in Mexico to be ready by 2011, the report said, while the first Alfa Romeo models, made 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. , will be ready by 2012. Chrysler and Fiat sealed a deal in June to create a new global auto giant in a milestone for the 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 as long as targets set out in the the deal are achieved and US government funds are repaid. 
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