Germany's hunt for a partner for General Motors' Opel unit has boiled down to two rival groups and the government wants both Fiat and Magna International to present a full plan within a week.
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Workers at Fiat's Termini Imerese plant in Sicily stopped work and blocked a road on Thursday. They are upset following reports that the facility would be closed under plans to create the world's second-largest carmaker.
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Volkswagen announced Thursday that former Fiat S.p.A. Chief Marketing Officer Luca De Meo will start as marketing boss for its passenger car unit August 1. In January, Automotive News Europe was first to report De Meo would quit Fiat.
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Volkswagen announced Thursday that former Fiat S.p.A. Chief Marketing Officer Luca De Meo will start as marketing boss for its passenger car unit August 1. In January, Automotive News Europe was first to report De Meo would quit Fiat.
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Volkswagen announced Thursday that former Fiat S.p.A. Chief Marketing Officer Luca De Meo will start as marketing boss for its passenger car unit August 1. In January, Automotive News Europe was first to report De Meo would quit Fiat.
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The UAW has agreed not to strike Chrysler LLC until September 2015. The Detroit automaker, which declared bankruptcy April 30 to sell its valuable assets into an automaker run by Fiat S.p.A.
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Fiat union officials, who fear job losses if the company pushes ahead with plans to buy GM Europe's Opel and Vauxhall operations, are meeting with their German counterparts to discuss the situation.
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Fiat would remain firmly in Italy, its chairman has said, apparently trying to allay union gears over a possible merger with Opel.
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Fiat's plan to combine Chrysler with Opel is unhealthy, according to Volkswagen chairman Ferdinand Piech.
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Russian carmaker GAZ said on Tuesday it would be interested in creating a joint venture with Magna International and Opel. Canadian partsmaker Magna is vying against Fiat S.p.A. to buy General Motors' European business, centered around Opel.
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General Motors has declined to give an assurance about the future of the company's Vauxhall brand. Fiat group's plan to merge its car business with GM European operations has raised fears for the future of GM's Vauxhall unit in the U.K.
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Fiat has still not presented a convincing strategy to merge Opel with Fiat Auto, German regional governments have said.
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PSA Peugeot Citroen does not fear a possible alliance between Fiat and Opel, a Peugeot director has said.
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Financial details of Fiat's plan to create a giant automaker operating in Europe, America and Africa emerged at the weekend.
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Trade union workers at Fiat SpA's Termini Imerese plant in Sicily went on a brief strike on Monday to pressure the carmaker to disclose its plans for them in the event of a merger with Opel.
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Fiat Group CEO Sergio Marchionne denied that Japan's Suzuki Motor Co. could join his planned alliance between Fiat Group Automobiles and General Motors' European and Latin American operations.
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Leaders of Italy's and Germany' s major engineering unions will meet in Frankfurt on Wednesday to discuss the job implications of the proposed Fiat-Chrysler-Opel merger and the creation of a new global giant carmaker, Reuters reported.
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PSA/Peugeot-Citroen has no fear of a possible alliance between Fiat and General Motors's Opel brand, a PSA board director said.
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PSA/Peugeot-Citroen has no fear of a possible alliance between Fiat and General Motors's Opel brand, a PSA board director said.
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Leaders of Italy's major engineering unions will meet their counterparts in Germany next week as anger seethes in the Mediterranean nation over Fiat CEO Sergio Marchionne's plan to merge Fiat, Opel and Chrysler into a new global giant carmaker.
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