Fiat Group CEO Sergio Marchionne says a Fiat-Chrysler alliance will strengthen the U.S. carmaker's finances and preserve American jobs.
Marchionne says an alliance would also accelerate Chrysler's efforts to make fuel-efficient vehicles.
He says that "Fiat's environmentally conscious technologies and small- and medium-car platforms will play a key role" in persuading U.S. consumers to buy Chrysler.
The Obama administration has made an alliance with Fiat a condition for Chrysler's obtaining an additional $6 billion in financing. A nonbinding agreement between the automakers would give Fiat a 35 percent share in Chrysler in exchange for small-car and other technologies.
Marchionne in a statement Monday thanked Obama for his encouragement to finalize a deal.