Will Chrysler take the government's money and run for the border?

Updated

What's Chrysler Group L.L.C. going to do now that it's wiped out a $7-billion-plus government loan through what may be the fastest bankruptcy ever? Mexico sounds nice.

The No. 3 (at least for now) U.S. automaker may build the Fiat 500 subcompact in Mexico, the Wall Street Journal reports. Chrysler's plant in Trenton, Michigan, may build the engine for the 500 and another as-yet-unnamed Fiat subcompact in the U.S., the paper said. Chrysler -- now 20 percent owned by Italy's Group SpA and 8 percent by U.S. taxpayers -- declined to comment.

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