Fiat and Russian partner Sollers will today sign a EUR2.4bn (US$3.29bn) deal to build up to 500,000 Fiats and Chryslers a year, Moscow told reporters on Wednesday.
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Windsor, Ontario Today at the 2010 Canadian International AutoShow, Chrysler Canada unveiled the Fiat 500. Showcased for the first time in Canada, this vehicle will provide Chrysler Canada with an expressive new entry into the small car segment.
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Mexico could produce up to 130,000 Fiat 500s a year, seen as key to the recovery of Chrysler in the United States, with a US$550m investment, Fiat chief executive Sergio Marchionne has said.
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Workers at Fiat's Maserati luxury car plant in Modena, northern Italy, went on strike on Tuesday after management refused to answer union fears that production could be moved to the Bertone factory in Turin.
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Fiat and Russian automaker Sollers plan to set up a joint venture to produce the Italian company's cars in Russia according to business daily Vedomosti.
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An Italian private equity manager wants to build electric cars at Fiat's Termini Imerese factory reported the Financial Times.
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A union conglomeration representing Fiat labour has flatly rebuffed Italian government plans to consider alternatives other than car production for the threatened Sicilian plant of Termini Imerese.
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The Italian government has received a number of offers to convert Fiat SpA's Termini Imerese plant to other uses after the company suspends car production there, industry minister Claudio Scajola said.
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Fiat has poured cold water on suggestions that extending the Italian scrappage scheme would save its plant at Termini Imerese in Sicily.
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Fiat and its unions have been called to a meeting today (5 February) in Rome as industrial unrest continues to dog the Italian automaker concerning plans to close its Termini Imerese plant in Sicily.
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Union leaders at Fiat are claiming walkout rates of up to 80% in some factories following yesterday's (3 February) series of strikes at several of the automaker's Italian plants.
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A series of wildcat strikes has swept across Fiat's Italian plants today (3 February) as workers downed tools in protest at plans to close the Termini Imerese factory in Sicily.
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Fiat unions and the Italian government are becoming increasingly disgruntled over chief executive Sergio Marchionne's aggressive decision making, according to media reports in the country.
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Fiat has weakened its case for closing its Sicily factory and extending incentives by suspending all Italian output for two weeks, the minister in charge of the car purchase tax breaks has said.
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Fiat will suspend all production in Italy for two weeks from 22 February, laying off 30,000 workers, to match output to orders.
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Fiat's automotive division achieved revenues of EUR26.3billion in 2009, 2.4% below 2008's level, on a total of 2,150,700 cars and light commercial vehicles delivered. Fiat also warned that the removal of incentives in Europe could hit it particularly hard.
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Fiat's chief technical officer Harald Wester, 51, is the new CEO at Alfa Romeo. He also has the same role at Maserati and Abarth and is responsible for making the new brand grouping work.
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The Fiat 500 by Diesel has chosen "Bread & Butter", the show dedicated to youth fashion in Berlin, to preview of two important new features: "Midnight indigo" blue, a special body colour, and the 1.3 Multijet II 95 HP (Euro 5) with Start&Stop system fitted as standard, the new second-generation turbodiesel, now even more environmentally-friendly and suitable for city driving.
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When Fiat announced in November its five-year plan for Chrysler, it was a good-news/bad-news thing for Dodge Viper.
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