MARCHIONNE REVS UP

Fasten your seat belts--here comes Chrysler Italiano. Fiat CEO Sergio Marchionne will deliver his fix-it plan for Chrysler on Nov. 4. Controlling owner Fiat aims to use its engineering works to make compact and midsize cars for Chrysler and will offer the Fiat 500 subcompact in the U.S. Various Dodge models, including the Grand Caravan, and several Jeeps will disappear. And Fiat's Alfa Romeo brand will build an SUV based on the Jeep Grand Cherokee. Also on the auto front, Bloomberg reported on Oct. 28 that lender GMAC Financial Services is looking for a third bailout from the Treasury--between $2.8 billion and $5.6 billion on top of the $13.5 billion it has already soaked up. And Ford said on Oct. 28 that China's Geely Automotive is the lead candidate to buy Volvo.

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