Shares of U.S. auto suppliers rose sharply on Wednesday as news that Italian automaker Fiat SpA
The deal was also seen as a good omen for General Motors Corp's
Shares of Dana Holding Corp
The completion of the alliance with Fiat starts to take the threat of liquidation off the table for Chrysler, which was a serious cause for concern, said independent auto analyst Erich Merkle.
This at least sets a good tone for GM as it proceeds through bankruptcy, he added. Thus far, it looks like GM's bankruptcy should be fairly smooth and that disaster has been averted for now.
Analysts and industry experts say the collapse of any of the Detroit Big Three automakers -- GM, Chrysler or Ford Motor Co
(Reporting by Nick Carey; editing by Lisa Von Ahn)