Fiat SpA Chief Executive Officer Sergio Marchionne received $4.77 million (3.47 million euros) in total pay last year, according to the automaker's annual report released today.
With plans to sell more than 4 million units this year, up from 3.6 million in 2010, the Fiat-Chrysler alliance appears on track to reach his 2014 goal of combined sales of 6 million units.
A government agency closely linked to last week's announcement of future plans for Fiat's Sicilian operations, says car producers could be operating on site as early as next year.
Ford's Russian joint venture announced today (18 February) with Sollers came on the same day as Fiat ended negotiations with the company.
Ford plans to form a joint venture with Sollers, Russia's second-biggest automaker, for the production and distribution of Ford vehicles in Russia.
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Ford plans to form a joint venture with Sollers, Russia's second-biggest automaker, for the production and distribution of Ford vehicles in Russia.
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A great fanfare from Rome yesterday saw some fairly typical hyperbole from the politicians as the Italian Economics Ministry blew its own trumpet at inking of a deal for Fiat's Sicilian Termini Imerese plant.
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One of the successful bidders for part of Fiat's Sicilian Termini Imerese plant is aiming for initial production of between 35,000 and 40,000 vehicles per year and a doubling of its existing workforce.
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Seven companies are to take over Fiat's Termini Imerese plant with the help of a EUR450m (US$606m) deal from the Italian and Sicilian governments that could provide up to 3,300 jobs.
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Will Luca Cordero di Montezemolo, Ferrari's boss and former Fiat chairman make a pit stop to get into politics? Montezemolo looks younger than his 63 years, sports a Bobby Kennedy-esque mane of hair, and often sounds like a politician-in-waiting.
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Sergio Marchionne seems to have taken up residence in Rome this week in a hectic few days that has seen the Fiat CEO hold discussions with the most senior Italian politicians as well as appear before a Parliamentary hearing.
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Fiat has outlined its plans to relaunch its Officine Automobilistiche Grugliasco, formerly Corrozzeria Bertone, operation to trade unions.
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Fiat, Toyota and Ford were hit hard by a 10th straight monthly decline in European car sales as consumers cut spending following the end of government incentives. Registrations in the region fell 1.1 percent to 1.07 million vehicles in January.
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Fiat CEO Sergio Marchionne has appeared before Italy's Production and Transportation Committee today (15 February) as the storm surrounding any potential move out of Italy continues to swirl.
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Fiat union FIOM says it will "suspend judgement" concerning a planned takeover of Fiat's Termini Imerese plant by seven different companies as the automaker looks to exit its Sicilian operation
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Sergio Marchionne, CEO of Fiat and Chrysler, said today he doesn't foresee 'any necessity' of a merger between the two automakers before 2014.
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Fiat will begin talks to relaunch production at a former Bertone plant, the automaker's CEO Sergio Marchionne said. Fiat bought Carrozzeria Bertone S.p.A., the production arm of Italy's Bertone in 2009.
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Fiat CEO Sergio Marchionne said the alliance with Chrysler was crucial for the group's future and reiterated he aimed to keep a strong presence in Italy under a plan to boost productivity.
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