In Mondo Agnelli: Fiat, Chrysler, and the Power of a Dynasty, Jennifer Clark, longtime Italy bureau chief for Dow Jones, tells the story of the intertwined century-long history between the Agnelli family and the Italian car company Fiat. Mondo Agnelli is full of intrigue and boardroom drama, including the company's entanglements with Mussolini's regime, the rise of the Agnellis to become part of the European aristocracy, and Fiat's near-brush with bankruptcy in 2002. In the latter chapters, Clark delves into one of the more interesting and unlikely phases in the company's history — Fiat's takeover of the failing U.S. automaker Chrysler.
Chrysler's bailout and the subsequent takeover by Fiat were among the more contentious and controversial market interventions of the 2008-2009 period. With auto sales plummeting and a financial crisis boiling, Cerberus, the private equity firm that owned Chrysler, had run out of ideas. Unwilling to putRead More »from Author Clark: Chrysler’s Made-in-Italy Comeback