The proposal for General Motors' European assets that Fiat S.p.A. presented to the German government on Monday includes plans to shrink plants across Europe, a German newspaper reported Thursday.
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General Motors could take a stake in the company that would be created by merging its European car business with Fiat SpA's auto unit, a source close to the situation said on Thursday.
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General Motors is eyeing a stake in Italian peer Fiat S.p.A. in exchange for the U.S. automaker's European and Latin American operations, the New York Times reported on its Web site.
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Chrysler LLC today provided further details on its plans to close plants that will not be part of a new Fiat-Chrysler alliance.
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Chrysler explorations of potential joint ventures before reaching last week's alliance deal with Fiat got as far as an initial agreement to rebadge a Kia vehicle as a Dodge for US sale, a Chrysler official has said.
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Fiat has denied reports that it plans to slash 18,000 jobs by closing or scaling down 10 factories in Europe in a possible takeover of General Motors' Opel unit.
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Saab Automobile would welcome talks with Fiat about a takeover though no talks have taken place so far, a spokesman said on Wednesday.
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Second potential merger in a matter of weeks could transform Fiat into one of the world's largest manufacturers
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MILAN (Reuters) -- Italian car registrations are expected to reach 2 million to 2.1 million in 2009 and Fiat S.p.A.'s market share should remain at 35 percent, the director general of Italy's carmakers association, ANFIA, said on Wednesday.
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Sweden's Saab Automobile, owned by ailing U.S. auto maker General Motors, would welcome talks with Italy's Fiat S.p.A. about a takeover, Saab said on Wednesday.
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U.S. automaker Chrysler said on Tuesday its organization outside North America would not be affected by a bankruptcy filing at home or its planned alliance with Fiat S.p.A.
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Chrysler LLC said its operations outside the United States won't be affected by its bankruptcy filing or its planned alliance with Fiat S.p.A.
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Chrysler LLC said its operations outside the United States won't be affected by its bankruptcy filing or its planned alliance with Fiat S.p.A.
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Chrysler operations outside North America would not be affected by the bankruptcy filing in the US or the planned alliance with Fiat, a senior executive said on Tuesday.
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DUBAI (Reuters) -- U.S. automaker Chrysler said on Tuesday its organization outside North America would not be affected by a bankruptcy filing at home or its planned alliance with Fiat S.p.A.
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DUBAI (Reuters) -- U.S. automaker Chrysler said on Tuesday its organization outside North America would not be affected by a bankruptcy filing at home or its planned alliance with Fiat S.p.A.
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U.S. automaker Chrysler said on Tuesday its organization outside North America would not be affected by a bankruptcy filing at home or its planned alliance with Fiat S.p.A.
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Volkswagen AG CEO Martin Winterkorn warns that it will not be easy for Fiat to create another global auto giant.
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Volkswagen AG CEO Martin Winterkorn warns that it will not be easy for Fiat to create another global auto giant.
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Volkswagen AG CEO Martin Winterkorn warns that it will not be easy for Fiat to create another global auto giant.
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