There were conflicting reports today about Saab's future under a proposed Chrysler-Fiat-GM Europe alliance.
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Fiat is looking at taking over General Motors' operations in Latin America as well as those in Europe and discussions on a possible deal are under way, an industry source has said.
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Fiat plans to keep all German Opel plants open should its GM Europe takeover plans succeed but would cut the number of workers, Fiat chief executive Sergio Marchionne has said.
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The senior labor leader of General Motors' Opel unit, Klaus Franz, said Fiat's proposed takeover of GM's European business will lead to factory closures in England and Italy.
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The senior labor leader of General Motors' Opel unit, Klaus Franz, said Fiat's proposed takeover of GM's European business will lead to factory closures in England and Italy.
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The senior labor leader of General Motors' Opel unit, Klaus Franz, said Fiat's proposed takeover of GM's European business will lead to factory closures in England and Italy.
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Social cost could trip up Fiat chief executive Sergio Marchionne's plans to merge his firm with Opel, then spin off and list the merged entity.
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Chrysler has won interim approval from a US bankruptcy court to access a US$4.5bn loan as it tried to move ahead in its planned alliance with Fiat.
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Fiat chief Sergio Marchionne has outlined plans to merge Fiat, Chrysler and General Motors Europe into a new automotive group generating annual revenues of around EUR80bn and making 6-7m cars a year.
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General Motors' Saab unit is not in talks with Fiat S.p.A. about a takeover, the Swedish automaker's top executive said in a newspaper interview on Tuesday.
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General Motors' Saab unit is not in talks with Fiat S.p.A. about a takeover, the Swedish automaker's top executive said in a newspaper interview on Tuesday.
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Chrysler LLC received bankruptcy court approval for $4.6 billion in debtor-in-possession financing today to make payments to dealers and suppliers and to buy time to complete an alliance with Fiat S.p.A.
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A group of investment funds sought on Monday to block Chrysler's planned alliance with Fiat S.p.A.
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A group of investment funds sought on Monday to block Chrysler's planned alliance with Fiat S.p.A.
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In today's News Brake: Fiat CEO Sergio Marchionne makes a pitch for GM Europe; we get a picture of the Mini Crossman; and Ford delays a diesel engine for the F-150 ... But Wait, There's More!
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STOCKHOLM (Reuters) -- Sweden's government confirmed on Monday it has had contact with Italy's Fiat regarding General Motors' struggling Swedish automaker Saab.
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A minority group of Chrysler LLC secured lenders has objected in bankruptcy court to the quick sale of Chrysler to a new corporate entity led by Fiat S.p.A.
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A dissident group of Chrysler LLC lenders objected in bankruptcy court to the company's plans to sell itself to a new entity owned in part by Fiat S.p.A. and pay $33 billion to suppliers, dealers, workers, retirees and other constituents.
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Fiat CEO Sergio Marchionne has outlined an "interesting" plan to create Europe's biggest carmaker but will need 5-7 billion euros in financial support from governments, Germany's economy minister said.
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Fiat SpA plans to take control of General Motors Europe without taking on new debt, German Economy Minister Karl-Theodor zu Guttenberg said on Monday, following talks with Fiat's CEO Sergio Marchionne.
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