Euro, European Union’s single currency, "go off the rails" if a decisive action is not taken by politicians to save it, car industry executives has warned.

Speaking at the Frankfurt car show, executives from major car manufacturers urged Europe's politicians to take bold to solve the debt crisis by giving certainty to financial markets.

Italy's Fiat SpA has shown interest in buying U. S. Treasury's 6% stake in Chrysler Group LLC, though at an "reasonable price”, to raise its stake to 52%. Confirming the news, Fiat Chief Executive, Sergio Marchionne, asserted on Friday about expediting the process with the U. S. Treasury officials.

Two years after emerging from reorganization bankruptcy and being sold to Fiat, Chrysler is posed to deepen integration with the Italian automaker that now owns a 46% stake in the company.

In 2009, Fiat took over Chrysler with the purchase of a 20% stake. The move was motivated by Fiat’s desire to acquire small car and cleaner engine technology as well as management expertise from Chrysler.

US manufacturers Ford and Chrysler are calling back tens of thousands of vehicles because of the safety troubles, the government stated out that on Friday.
Chrysler Group was calling back almost 143,000 vehicles by the 2008-2011 model years in 3 different filings, as per the report on the National Highway Traffic Safety Administration's website.
The number 3 US automaker, handled by Italy's Fiat, called back around than 22,000 2008-2011 Dodge Ram trucks to address possible steering defects.

Fiat will again be on track in the U. S. after its absence for 26 years, through a chain of 200 outlets by the end of the year. The dealership for this will be with the Chrysler. They will have separate showrooms and employees but the dealerships will be located on the same property.