To be more precise that's what WSJ reports today about Chrysler's plans in Mexico. According to the report Chrysler plans to make Fiat 500 cars in Mexico.

While Fiat is already in the process of acquiring U.S. automaker Chrysler LLC, it acknowledged on Sunday that it is also looking to expand its reach to include GM's European operations.

As talks with creditors aimed at reducing its huge debt burden have failed, Chrysler will file for bankruptcy protection, officials said on Thursday.

In February, the Obama administration rejected Chrysler's restructuring plan and gave it until April 30 to cut a deal with Fiat. Mere days before the deadline, and facing rumors of a Ch. 11 filing, the UAW has reached an accord with Chrysler and Fiat.

Fiat, the Italian automaker, agreed on Tuesday to take over 35 percent of the shares of Chrysler; an alliance which could cause a ripple effect throughout the automotive industry.

Italian automaker Fiat has submitted its request to China's top economic planning body to forge a joint venture automaker in China, the Jinghua newspaper reported Friday, citing a Fiat source saying.

Fiat Powertrain Technologies (FPT) completed construction of its first Chinese research and development centre -FPT(Shanghai) R&D Co.,Ltd, located in Jiading District of western Shanghai yesterday, auto industry website Gasgoo.com reported.

Italian carmaker Fiat has lowered its ambitious annual sales target by 2010 in China to 50,000 units from 300,000 set three years ago, down by 83%, Beijing Times said today, citing Fiat China.

A spokeswoman of Guangzhou Automobile Group Co. (GAC) confirmed on Tuesday that the company is in talks with Italian carmaker Fiat for technological cooperation in making cars in Guangzhou Auto, reported Chinese media today.

Guangzhou Automotive Group Co (GAC) now is in talks with Italian carmaker Fiat on technology cooperation, which includes GAC buying a manufacturing platform from Fiat for own-brand technology development, China Business reported last Saturday, citing sources of Fiat.

Chongqing Changan Suzuki is set to make the Sedici crossover model for Fiat later this year, and this OEM project will have a positive impact on the joint venture, said First Financial Daily today, citing sources of the company.

A Turin appeals court last week made the final ruling that prevents a minicar GWPeri, manufactured by China's Great Wall Motor, from being imported into Europe, Fiat China company said to Nanfang Daily yesterday.