Fiat chief: new group can produce 6 million cars a year with Fiat/Chrysler allianceSeptember 16th, 2009 Fiat chief: Fiat-Chrysler can reach 6 millionFRANKFURT — Fiat and Chrysler CEO Sergio Marchionne said Wednesday that the new auto alliance can reach a production of 5.5 million to 6 million cars a year on its own once the economy and car markets stabilze. "We will arrive alone at 6 million units.
Chrysler Group to build Fiat 500 small car at plant in Mexico, according to reportAugust 17th, 2009 Report: Chrysler to build Fiat 500 in MexicoNEW YORK — Chrysler Group LLC is planning to build the Fiat 500 small car at a plant in Mexico, according to a report published Monday. The automaker could also build an engine for the 500 at a plant in Trenton, Mich., and is weighing building another compact car similar to the 500 in the U.S., according to The Wall Street Journal, which cited anonymous sources familiar with the matter.
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.
Stocks begin holiday-shortened week in positive territory, investors await week's key dataJune 29th, 2009 Stocks open higher ahead of week's key dataNEW YORK — Investors are beginning a holiday-shortened week on a positive note. Stocks are slightly higher in early trading Monday, following mixed moves in overseas markets.
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.
Stock futures listless as word awaited on bank loan repayments, Fiat sticks by Chrysler dealJune 9th, 2009 Wall Street futures mark timeNEW YORK — Stock futures moved in narrow range Tuesday as investors awaited word on which banks might be able to repay government loans and as Fiat expressed its continued commitment to a deal with Chrysler. Overseas markets provided little direction as European markets were mixed after a decline in Japan.
Wall Street heads for higher open as investors await jobs data, retail sales reportsJune 4th, 2009 US stock futures point higher ahead of jobs dataNEW YORK — Stock futures are indicating a higher opening for the U.S. markets as investors await sales reports from retailers and data on the labor market.
Obama: Chrysler-Fiat deal gives US company 'new lease on life'June 1st, 2009 Obama applauds Chrysler-Fiat dealWASHINGTON — President Barack Obama says a court's decision to approve the sale of Chrysler's assets has given the automaker "a new lease on life."
A judge approved the sale of most of Chrysler's assets to Italy's Fiat on Sunday. In a statement, the president said the deal will allow Chrysler to "successfully emerge from bankruptcy as a new, stronger, more competitive company for the future."
Chrysler filed for bankruptcy in April.
Stock futures edge higher after big gains, investors await economic data, earnings reportsMay 5th, 2009 Wall Street appears ready to extend big gainsNEW YORK — U.S. stock futures are edging higher as investors await a reading on the services sector and a bevy of earnings reports for further confirmation that the economy is improving.
Fiat chairman: GM's Opel an "ideal" partner, an "extraordinary" opportunityMay 3rd, 2009 Fiat chairman: GM's Opel an "ideal" partnerROME — The chairman of Fiat SpA, which is in the process of acquiring U.S. automaker Chrysler, confirmed the Italian automaker's interest in General Motors' German unit Opel, calling it an "ideal partner" and a possible takeover by Fiat an "extraordinary opportunity."
It was the first confirmation from Fiat of its interest in Opel.
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.
Report: Fiat in talks to take majority stake in GM's Adam Opel subsidiaryApril 23rd, 2009 Report: Fiat in talks on OpelFRANKFURT — Italy's Fiat Group SpA is close to an agreement to take a majority stake in General Motors Corp.'s European business, according to a report Thursday in the online version of Germany's Der Spiegel magazine. Spiegel, citing unidentified sources it said were close to the negotiations, said Fiat was expected to sign a declaration of intent next Tuesday.
Chrysler, Fiat sign merger agreementJanuary 19th, 2009 NEW YORK/ROME - Italian carmaker Fiat and US car concern Chrysler have signed an agreement to merge their companies, Chrysler disclosed Tuesday. Chrysler, at its Auburn Hills, Michigan headquarters, said that the agreement is still preliminary and not yet binding.
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