Fiat says it could abandon Chrysler due to unions

Fiat S.p.A. CEO Sergio Marchionne said he is ready to abandon plans to form a partnership with Chrysler LLC unless the U.S. carmaker's unions accept substantial labor cost reductions by the end of the month.

In an interview with a Canadian newspaper, Marchionne confirmed he could become Chrysler's CEO if the alliance goes ahead. He denied that Fiat is considering buying General Motors' Saturn brand as a

By Luca Ciferri- Automotive News