This is exactly what I said that Ford should have done. Off loaded some of its spare capacity to other brands, giving it time to restructure the parts in the US that are losing money. Europe Ford is profitable, yet it's cut loose areas where cash could be generated in the short term future in Jaguar (the bundle with Land Rover are profitable). At the very least it should be building Jaguar cars in the US for the US market, and exporting them back to the UK / Europe.
Chrysler would do better buying technology from Europe to make better cars. Ones that score better than a dismal EuroNCAP rating for driver safety. What Fiat have to lose is that they may well learn from them, without having to pay for the expertise.