Ex Chrysler executive says Fiat was only option


By Tom Hals and Emily Chasan NEW YORK, May 27 (Reuters) - Chrysler's former president and vice chairman said on Wednesday Fiat was the U.S. automaker's only shot at survival as no other carmaker would have been willing to give the company "a nickel." At a court hearing in U.S. bankruptcy court in Manhattan, former Chrysler executive Tom LaSorda said he never considered breaking up the automaker last year, although a financial analysis showed it could have fetched as much as $25 billion. ...

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