Fiat and Chrysler Group CEO Sergio Marchionne said the Italian automaker considers it 'natural' for Fiat to return to its historical 90 percent stake in its supercar subsidiary, Ferrari.
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Fiat Auto's destiny is now in its own hands after a spinoff of the truck and tractor units from the Italian industrial conglomerate was approved. The prevailing view is that Fiat is saving Chrysler.
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Fiat and Chrysler Group CEO Sergio Marchionne said today that the Italian automaker considers it 'natural' for Fiat to return to its historical 90 percent stake in its exotic-car subsidiary, Ferrari S.p.A.
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Fiat and Chrysler Group CEO Sergio Marchionne said today that the Italian automaker considers it 'natural' for Fiat to return to its historical 90 percent stake in its exotic-car subsidiary, Ferrari S.p.A.
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In News Brake: Ford has new airbag technology, Chrysler and Fiat get closer, and a test drive of the 2011 Jeep Grand Cherokee . . . But Wait, There's More!
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Sergio Marchionne said Fiat could increase its stake in Chrysler from the current 20 percent to 35 percent by the end of next year and that Chrysler plans to launch its public stock offering by the end of 2011.
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Fiat and Chrysler CEO Sergio Marchionne said today the Italian automaker could increase its stake in the U.S.
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Fiat, Ford and Toyota led a fifth-consecutive monthly drop in European car sales as the end of government incentives hit demand. Audi gained market share. Registrations fell 12 percent to 731,503 vehicles in August from a year earlier.
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Fiat said its auto and industrial units would each have 2.5 billion euros ($3.3 billion) net industrial debt after a demerger it expects to complete by the end of the year.
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Fiat said its auto and industrial units would each have 2.5 billion euros ($3.3 billion) net industrial debt after a demerger it expects to complete by the end of the year.
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Italian stock-market regulator Consob wants Fiat to provide more information about its debt when the company's shareholders meet tomorrow to approve a plan to separate truckmaking and agricultural units from the auto business, a newspaper said.
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Fiat is to increase its Serbian spend by EUR240m (US$311m) as it looks to introduce new model production in the Balkan state.
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Fiat says its joint venture with Guangzhou Automobile Group (GAC) to produce cars and engines in China is on track to launch new platform medium-sized cars in 2012.
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Fiat's North American specification 500 has finally been revealed at a product-fest for dealers in Florida. Chrysler is emphasising a sporty look with Fiat, equipping the 500 Sport variant with specially-tuned suspension, enhanced front and rear fascias with a larger grille and flared aerodynamic treatment. There are also 16-inch aluminium wheels with grey painted pockets and body-side sill cladding.
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Sollers Naberezhniye Chelny, a unit of Russian automaker Sollers, has started commercial production and sales of Fiat Linea cars, the unit said in a statement.
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The Sevel (Società Europea Veicoli Leggeri) factory in Italy, a joint venture between Fiat and PSA-Citroen, has built its four millionth vehicle, a Fiat Ducato Maxi with a total gross weight of 3.5 tonnes, equipped with the three-litre Multijet engine and automated manual transmission.
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Today, the Fiat Brand releases the first images of the Fiat 500 Sport model, which like the original 500 (Cinquecento) from more than 50 years ago, features iconic Italian design, and is developed to be an ultra-efficient and stylish option forNorth American drivers.
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Fiat will expand its Serbian investment over the next two years with plans to produce another vehicle in the Balkan country. The model should debut at the Geneva auto show in 2012.
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Fiat Industrial SpA, the unit that will be spun off from Fiat SpA by the end of the year, will have a board with a majority of members who aren't Fiat executives, company documents show.
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