Chrysler is getting another chance to rewrite its business plan and this time it's with Fiat, the Italian car company known for zippy sports cars that are far from that of Detroit V-8 engines. This is Fiat's way of breaking into the American auto industry and Chrysler's way of keeping its cars on the roadway.

On The Takeaway is Nelson Schwartz, the European economics correspondent for the New York Times who wrote the piece "Chrysler Gets an Italian Accent".

If we learned anything about our new President during his trip abroad this month, it's that his charm speaks all languages. But it seems that if President Obama wants to pick an ambassador to the Vatican, he may need to turn up the charm a notch. Our partners, the BBC, are reporting that the Vatican has informally vetoed three of Obama’s potential nominees for U.S. ambassador to the Vatican. For more we turn to David Willey, Rome correspondent for the BBC.

Early this morning in L'Aquila, Italy, the funerals began for some of the 289 people killed in Monday's earthquake. While normally in the Catholic tradition no funerals are allowed on Good Friday, the Vatican granted a dispensation for the funeral mass for the earthquake victims. For more on the somber scene, we turn to BBC Correspondent Helen Fawkes joins us from L'Aquila, Italy.

As residents of the central Italian city L'Aquila slept on Sunday, a deadly earthquake hit the surrounding region. Entire blocks of buildings were destroyed, rendering an estimated 17,000 people homeless and causing the deaths of 179 people. According to the U.S. Geological Survey the quake registered a 6.3 magnitude, while Italy's National Institute of Geophysics recorded it as a 5.8. Aftershocks and inclement weather have been interfering with rescue efforts and an estimated 37 people are still missing. Prime Minister Silvio Berlusconi declared a state of emergency for the Abruzzo region, approximately 60 miles from Rome. For more we turn to the BBC's Rome Correspondent David Willey.

Watch Italian rescue teams sift through rubble in the aftermath of the earthquake in L'Aquila.

Just after 3:30 this morning local time, central Italy was rocked by an earthquake measuring at least 5.8 on the Richter scale – though the U.S. Geological Survey measured it at 6.3. It's a significant tremor by any measure. At least 50 people have died, and tens of thousands of people are homeless. For more, we go to Rachel Donadio. She's the Rome bureau chief for our partners The New York Times, but right now she's walking the streets of L'Aquila, Italy, which is near the center of the quake and 60 miles northeast of Rome.

As residents of the central Italian city L'Aquila slept, a deadly earthquake hit the surrounding region, killing at least 50 people. Entire blocks of buildings were destroyed, displacing around 10,000 people. According to the U.S. Geological Survey the quake registered a 6.3 magnitude, while Italy's National Institute of Geophysics recorded it as a 5.8. For more we turn to the BBC's Rome Correspondent David Willey.

Watch CNN's footage of the devastating earthquake in the clip below.

President Obama gave Chrysler until the end of April to finalize a deal with the Italian car company, Fiat. While the partnership may seem an unlikely pairing, Fiat was facing similar dire straits to Chrysler until a recent turnaround under new management. Is this the breath of fresh air that Chrysler needs? And how does this international team sound to Italy? To help answer that question we turn to David Willey, the BBC's Rome correspondent.

To find out more about Chrysler's potential partner, watch this classic Fiat advertisement.