Seems I understated Fiat's net debt: 6 billion euros, or $6.6 billion.
One of the things they did to cut down on their debt was sell off Ferrari for almost a billion dollars. Maybe the best thing for all involved would be for Fiat to spin off the Jeep unit too. If they must think short-term, better if they don't drag down the Jeep brand along the way:
- FCA gets the cash they need to get out from under their debt.
- FCA instantly cuts their highest-in-the-industry fleet emissions without having to completely retool. They can still sell plenty of Dodge Rams.
- The Jeep brand doesn't get watered down by gobs of soccer-mom vehicles.
- Jeep gets out from under Fiat's poor reputation for quality.
If you're concerned about Fiat's ownership of Jeep, please consider signing this petition
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