Fiat open to venture with DaimlerChrysler

Reuters | September 5, 2006 - 8:00 am VENICE, Italy -- Fiat is interested in principle in forging a partnership with DaimlerChrysler on subcompact cars but only on certain conditions, Fiat CEO Sergio Marchionne said today.

"We are interested in anybody that can offer us either a reduction in commitments to capital, so probably willing to share the burden with us (and) who in the process offers us additional exposure to markets that may be of interest to Fiat," Marchionne told reporters after a presentation in Venice. "So the answer is in principle yes, it meets all of the ... requirements."

He added third-quarter financial results for the group were in line with forecasts.