Fiat's vice chairman has confirmed that Fiat is in partnership talks with Chrysler following reports of a deal that would see Fiat take a stake in Chrysler.
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Fiat, Chrysler and the automaker's private equity owner, Cerberus Capital Management, on Tuesday said they had signed a non-binding term sheet to establish a global strategic alliance that would see the Italian automaker take a 35% equity stake in the US firm.
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Fiat, Chrysler and the automaker's private equity owner, Cerberus Capital Management, on Tuesday said they had signed a non-binding term sheet to establish a global strategic alliance that would see the Italian automaker take a 35% equity stake in the US firm.
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Daimler still wants to sell its nearly 20 percent stake in Chrysler, a spokesman for the German automaker said Tuesday amid reports that Fiat would join forces with Chrysler. "We are still trying to divest our 19.
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Lotus Engineering worked on the ride and handling of the new Kia Soul to customise it for UK road conditions ahead of the car's launch here in March.
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Schaeffler Group plans to reshuffle Continental's supervisory board to increase its influence, German newspaper Die Welt says.
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Schaeffler Group urged Continental's chairman to step down immediately as a boardroom row erupted publicly on Tuesday.
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Ford of Europe is cutting production at its last vehicle production site in the UK. Ford's Southampton factory in southern England, which makes the Transit light commercial vehicle, will go to one shift from two during the first three months of 2009.
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Jaguar Land Rover has halted work at its car plant in Castle Bromwich, central England, for two weeks. The Castle Bromwich factory makes the XJ upper-premium sedan, XF medium-premium sedan and XK premium roadster.
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BMW's Mini brand will launch its new Clubman at the Geneva auto show in March. The Clubman is Mini's first five-seat car and the brand's third body style after the hatchback and convertible.
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With the latest Golf GTI MkVI just around the corner, Auto Express is preparing an unmissable look back at every generation of Volkswagen's legendary hot hatch. Here's an exclusive preview...
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Fiat's shares have been suspended from trade ahead of the market open pending the publication of a statement , the Milan exchange Borsa Italiana said on Tuesday.
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Fiat S.p.A. and Chrysler LLC confirmed today that the Italian company intends to acquire an initial 35 percent stake in the U.S. carmaker.
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Fiat S.p.A. and Chrysler LLC confirmed Tuesday that the Italian company intends to acquire an initial 35 percent stake in the U.S. carmaker.
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Fiat S.p.A. and Chrysler LLC confirmed Tuesday that the Italian company intends to acquire an initial 35 percent stake in the U.S. carmaker. In a joint statement, Fiat, Chrysler and Chrysler's majority shareholder Cerberus Capital Management L.
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Both Fiat S.p.A. and Chrysler LLC would fill significant gaps in their global businesses with the proposed alliance announced today.
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Akio Toyoda, scion of Toyota Motor Corp.'s founding family and now its next president, will bring fresh thinking and U.S. perspective to the world's top carmaker as it fights an unprecedented financial crisis.
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Akio Toyoda, scion of Toyota Motor Corp.'s founding family, will be the automaker's next president. Toyoda, 52, will succeed current President Katsuaki Watanabe in June, the company said January 14.
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U.S. private equity firm Cerberus Capital Management LP, owner of automaker Chrysler LLC, may cut nearly 10 percent of its worldwide staff, Financial News said citing people familiar with the situation.
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