Chrysler’s flagging sales and general financial condition is no secret to the world. It can do some help at its present condition. Italian automaker, Fiat Group didn’t hesitate to give it the help it needs. Fiat obtained 35% stake in Chrysler. However, Fiat will not give money to Chrysler. The latter will just have access to Fiat’s technology. Chrysler will have access to the smaller cars and fuel-efficient powertrains that Fiat produces.

It can adopt this technology and new platforms in its own line up of cars. In addition to this, Fiat will help Chrysler draft a plan to present to Congress when it returns for a hearing on how they are going to use the bailout money to save the company.

And what does Fiat gain from this partnership? It is no secret that Fiat has been looking for ways to re-enter in the U.S. market and this partnership with Chrysler can be that way. With Chrysler’s wide dealership network in the U.S., Fiat will surely make its presence known. As you can see, the benefits are go both ways.

Right now private U.S. investment company Cerberus Capital Management owns 80.1% and Daimler has 19.1% stake in the company.