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May
5th

SWEDEN: Saab denies Fiat takeover talks

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There were conflicting reports today about Saab's future under a proposed Chrysler-Fiat-GM Europe alliance. Full story...
May
5th

ITALY: Fiat said to be eyeing GM South America

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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. Full story...
May
5th

GERMANY: Opel plants stay with workers cut – Marchionne

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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. Full story...
May
5th

Fiat’s Opel bid threatens plants, says labor boss

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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. Full story...
May
5th

Fiat’s bid for GM Europe threatens Italy, U.K. plants, says labor boss

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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. Full story...
May
5th

Fiat’s bid for GM Europe threatens Italy, U.K. factories, says labor boss

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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. Full story...
May
5th

US: Marchionne’s plans could have social cost – analyst

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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. Full story...
May
5th

US: Court OKs Chrysler $4.5bn loan access

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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. Full story...
May
5th

GERMANY: Fiat chief outlines his merger plans

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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. Full story...
May
5th

No talks with Fiat on takeover, Saab boss says

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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. Full story...
May
5th

Saab denies it is talking with Fiat

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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. Full story...
May
4th

Chrysler receives court approval for payments to dealers, suppliers

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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. Full story...
May
4th

Lenders seek to block Chrysler-Fiat alliance

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A group of investment funds sought on Monday to block Chrysler's planned alliance with Fiat S.p.A. Full story...
May
4th

Dissenting lenders seek to block Chrysler-Fiat alliance

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A group of investment funds sought on Monday to block Chrysler's planned alliance with Fiat S.p.A. Full story...
May
4th

NEWS BRAKE: Monday, May 4:

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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! Full story...
May
4th

Fiat, Swedish gov’t talked about Saab’s future

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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. Full story...
May
4th

Some secured lenders object to quick sale of Chrysler:

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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. Full story...
May
4th

Some secured lenders object to quick sale of Chrysler

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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. Full story...
May
4th

Fiat needs 5-7B euros to gain GM Europe, says German minister

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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. Full story...
May
4th

German minister says Fiat plan for GM Europe ‘interesting’

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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. Full story...
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