AP Source: New Chrysler board considering new vehicles with Fiat technologySeptember 25th, 2009 AP Source: Chrysler board to consider product planDETROIT — A person briefed on the agenda says the new Chrysler Group LLC board will discuss plans for a number of new models, some based on cars sold by Italy's Fiat Group SpA. The person says the board will meet Friday to consider a range of new vehicles including a midsize car based on Fiat underpinnings that are now being developed.
Fiat India to focus on overseas marketsAugust 12th, 2009 NEW DELHI - Fiat India has set an ambitious target of exporting 7,000 cars this fiscal, up from just 800 in 2008-09. The company Wednesday said in a statement that it would focus more on South Asian countries as well as major automobile markets like South Africa to meet the target.
Fiat to takeover historic carmaker Bertone to design future cars for ChryslerAugust 6th, 2009 Fiat takes over historic carmaker BertoneMILAN — The Italian automaker Fiat on Thursday won a bid to take over the bankrupt Italian car company Bertone, which will help design cars for the U.S. automaker Chrysler, the Italian Economic Development Ministry said.
EU regulators see no competition problems with Fiat's 20-percent stake in ChryslerJuly 24th, 2009 Fiat wins EU approval for Chrysler stakeBRUSSELS — Fiat SpA won EU regulatory approval Friday to take a 20-percent stake in struggling U.S. car maker Chrysler.
Italian automaker Fiat reports Q2 loss of €168 millionJuly 22nd, 2009 Fiat Q2 loss of €168 millionMILAN — Italian automaker Fiat on Wednesday reported its second straight quarterly loss on slumping sales of trucks and farm equipment, while its strong small-car lineup helped stanch the losses thanks to European incentives to scrap old cars and buy new, more environmentally friendly ones. The second-quarter net loss of €168 million compares with a net profit of €604 million in the same period of last year.
Fiat's Marchionne signs JV with Chinese automaker GAC to build cars starting in 2011July 6th, 2009 Fiat signs JV with China's GACROME — Fiat Group CEO Sergio Marchionne signed an agreement Monday with state-owned Guangzhou Automobile Group Co. to produce cars in a joint venture beginning in the second half of 2011 as Fiat seeks to expand its position in the growing Chinese market.
Italy's Fiat gets euro400 million EU loan to help develop more fuel-efficient carsJune 16th, 2009 Fiat gets euro400 mln EU loan to develop greener carsBRUSSELS — Italian car maker Fiat SpA on Tuesday got a euro400 million loan from the EU-government backed European Investment Bank to help it develop more fuel-efficient cars. Fiat CEO Sergio Marchionne said the loan would "contribute hugely" toward researching technologies that use less energy and release less greenhouse gas.
Tata Motors, Bank of India tie up for Fiat car financeJune 15th, 2009 CHENNAI - Tata Motors has entered into an understanding with Bank of India for financing Fiat cars that are sold through the Tata-Fiat dealer network, the auto major said Monday. As per the agreement, customers can avail of special interest rates ranging from 9.75 percent to 10.25 percent on loans up to Rs.10 lakh for all Fiat models, including the forthcoming Grande Punto, Tata Motors said in a statement.
Ex-Chrysler chief Iacocca extends welcome to Fiat's Marchionne after takeoverJune 12th, 2009 Iacocca to Marchionne: Welcome to ChryslerAUBURN HILLS, Mich. — The man who led the rescue of Chrysler in the 1980s has words of welcome for Fiat chief Sergio Marchionne after the Italian automaker's takeover of the U.S.
Report: Fiat's Marchionne says Opel alliance would allow 'immense' cost savingsMay 5th, 2009 Report: Fiat boss sees savings in Opel allianceBERLIN — A Fiat tie-up with General Motors Corp.'s Opel unit would allow "immense" cost savings, the Italian auto maker's boss was quoted Tuesday as saying, arguing the two companies would be a good fit. Fiat Group SpA is trying to build a global automaking powerhouse.
Chrysler plans to temporarily shutdown most plants until Fiat deal closesApril 30th, 2009 Chrysler to idle plants until Fiat deal doneNEW YORK — Chrysler says it will temporarily stop most of its vehicle production until its deal with Italy's Fiat is complete. The shutdown is effective Monday and could last up to two months.
Source says Fiat still wants deal even if Chrysler forced into bankruptcy protectionApril 27th, 2009 Source: Chapter 11 won't kill Fiat-Chrysler dealMILAN — Fiat still wants to pursue an alliance with Chrysler if the U.S. automaker is forced to file Chapter 11 bankruptcy protection from creditors, a source close to the Turin-based automaker said Monday.
Fiat CEO says Italian automaker will not commit cash in deal for 20-percent Chrysler stakeApril 23rd, 2009 Fiat CEO affirms no cash in Chrysler dealMILAN — Fiat Group CEO Sergio Marchionne on Thursday affirmed the Italian automaker's "unwavering commitment" to its proposed alliance with Chrysler, but was categorical Fiat won't put in cash at this stage. Marchionne told an analyst conference call after the company announced a first quarter loss of euro410 million ($531 million) that Fiat would not put in cash for a minority stake.
Fiat reports $410 million ($531 million) loss in 1st qtr with volumes down in all businessesApril 23rd, 2009 Fiat reports $410 million first quarter lossMILAN, Italy — Fiat Group SPA, which is in the final stretch of talks to take a possible minority stake in the U.S. automaker Chrysler, says it made a first-quarter loss of euro410 million ($530.83 million) as sales of autos plummeted due to the global economic crisis.
Fiat reports $410 million ($531 million) in 1Q losses with volumes down in all businessesApril 23rd, 2009 Fiat reports $410 million Q1 lossMILAN, Italy — Fiat Group SPA, which is in the final stretch of talks to take a possible minority stake in the U.S. automaker Chrysler, says it made a first-quarter loss of euro410 million ($530.83 million) as sales of autos plummeted due to the global economic crisis.
Loading ...