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As Chrysler struggles to survive, the ability to build small cars is apparently more important than money.

Chrysler, which also makes cars under the Dodge and Jeep brands obviously doesn't have many small cars. And with every market in the world looking to get its hands on cheaper, smaller cars, apparently Chrysler didn't like its outlook.

So the hedge fund that owns Chrysler has just sold 35% of Chrysler to Fiat. Not for a big fat check, but simply for access to Fiat's small car platforms. Chrysler, apparently, sees this as a step on the path toward redemption.

chrysler fiat small cars