Volkswagen, Fiat and other European makers of thrifty cars could earn billion of dollars in operating profits from U.S. President Barack Obama's proposed fuel economy standards.
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Volkswagen, Fiat and other European makers of thrifty cars could earn billion of dollars in operating profits from U.S. President Barack Obama's proposed fuel economy standards.
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German Economy Minister Karl-Theodor zu Guttenberg said Fiat had improved its bid for General Motors' Opel unit and said other bidders may be willing to sweeten their offers as well.
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Magna International and Fiat have improved their offers for General Motors unit Opel ahead of a crucial week in which the German government is expected to decide which bid it supports.
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Magna International and Fiat have improved their offers for General Motors unit Opel ahead of a crucial week in which the German government is expected to decide which bid it supports.
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Magna International and Fiat have improved their offers for General Motors unit Opel ahead of a crucial week in which the German government is expected to decide which bid it supports.
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Fiat S.p.A. has improved its bid for General Motors' Opel unit and said other bidders may be willing to sweeten their offers as well, German Economy Minister Karl-Theodor zu Guttenberg said.
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Fiat S.p.A. said in court papers on Friday that it is "already concerned" about the "deteriorating value" of the assets of alliance partner Chrysler LLC and that a U.S. district court should not obstruct its sale process.
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Fiat S.p.A. said in court papers on Friday that it is "already concerned" about the "deteriorating value" of the assets of alliance partner Chrysler LLC and that a U.S. district court should not obstruct its sale process.
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Fiat has said in an official statement that if it acquires Opel, job losses in Europe will be up to 10,000.
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Fiat S.p.A. CEO Sergio Marchionne said the outcome of his company's bid for General Motors' Opel unit was complicated by imminent German elections and it was difficult to say whether Fiat would be successful. "It's hard to say how it will end up.
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A highlight of the week was to break off from all the GM/Chrysler/Fiat/Magna/GAZ etc hullaballoo for just one day and make our annual trip to the toy shop.
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Fiat and Magna are serious bidders for Opel and there are few other credible offers on the table, Global Insight analyst Tim Urquhart said in a research note on Friday.
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Magna International emerged on Friday as a favorite to acquire General Motors' Opel unit after top German officials said the Canadian car parts group had submitted a better plan than rival bidders Fiat S.p.A.
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Magna International emerged on Friday as a favorite to acquire General Motors' Opel unit after top German officials said the Canadian car parts group had submitted a better plan than rival bidders Fiat S.p.A.
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The premier of Opel's home state of Hesse said on Friday that Austrian-Canadian group Magna International's offer for the carmaker was the most attractive for Germany and that Fiat's rival bid was disappointing.
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Fiat S.p.A. has signed an agreement to set up a car manufacturing venture with China's Guangzhou Automobile Industry Group, the Shanghai Securities News said on Friday, citing the Chinese automaker's general manager.
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Fiat S.p.A. submitted two versions of its offer for General Motors units Opel and Vauxhall, one with and one without a bid for GM's Latin American operations, people familiar with the matter told Automotive News Europe today.
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Fiat S.p.A. has signed an agreement to set up a car manufacturing venture with China's Guangzhou Automobile Industry Group, the Shanghai Securities News said on Friday, citing the Chinese automaker's general manager.
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Fiat has selected the three members it will appoint to the board of the newly formed Chrysler-Fiat entity once it emerges from bankruptcy, including Fiat Group CEO Sergio Marchionne and Fiat Powertrain Technologies CEO Alfredo Altavilla, according...
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