The board of Fiat has now given approval for the assessment of a possible merger between Fiat Group Automobile and General Motors of Europe with special interest in Chrysler.
Fiat has not finished with its expansion plan.
Despite linking with Chrysler, the Italian company is still going after General Motors Europe.
The Opel-based operation is one of the GM divisions up for sale as the American giant moves on its own re-structuring and Fiat believes it could be rolled into one giant car conglomerate.
The board of Fiat has now given approval "to assess the viability of a merger of Fiat Group Automobiles (including the interest with Chrysler) and General Motors of Europe into a new company".
It believes the combined company could generate annual incomes of more than $150 billion.
No-one is sure how this will work, although Fiat says it will evaluate a variety of corporate structures, including one which would spin-off Fiat Group Automobiles to allow a merger with GM Europe.
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