REPORT: Chrysler, Cerberus HAVE NOT Reached Alliance Deal With Fiat

Chrysler and Fiat have reportedly already reached an agreement on an alliance. Well shoot, that was fast. Chrysler must really want that $6 billion and Fiat must really want those dealers. UPDATE

Oops, looks like Chrysler put the em-fa-sis on the wrong syll-ah-bull in their press release, so no, they don't have a final deal inked — just a basic framework. Same thing they had before. Oh poop, and here we thought we'd have some big news today. [Marketwatch]