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Google and Fiat Chrysler May Work Together on Self Driving Cars

June 11, 2023
in Trade Tube
Reading Time: 1 min read
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Fiat Chrysler is reportedly in advanced talks with Alphabet , the parent company of Google, about a partnership to manufacture self-driving cars. While the relationship makes sense – given Alphabet’s technology prowess combined with Fiat Chrysler’s manufacturing capabilities, stockholders should be wary of a deal. That’s in part because of recent reports suggesting quality issues with Fiat Chrysler vehicles and because automaker is lagging behind rivals when it comes to producing electric or hybrid cars, the technology that would likely be used in a Google car one day. Alphabet is a holding of Jim Cramer’s charitable trust, Action Alerts PLUS. TheStreet’s Scott Gamm reports from Wall Street.

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