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(Image from article: "Hungry Fiat Now Wants Opel")

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Hungry Fiat Now Wants Opel

The Italian carmaker that just took over Chrysler is in talks to buy GM's European operations.

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Chrysler says it has framework for Fiat alliance; GM's new leaders take charge

The moves come less than an hour after Obama tells the two carmakers to take another stab at redesigning their companies, a requisite for receiving more federal funds.

Less than an hour after President Obama said a major overhaul was needed to save the auto industry, Chrysler announced that it had formed the framework of an alliance with Fiat, while at General Motors Corp., new leaders took charge after the chairman was forced to step down

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