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 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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The key to Fiat CEO Sergio Marchionne's vision of combining Fiat and GM Europe's operations is sharing platforms between and benefiting from better economies of scale.
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Fiat CEO Sergio Marchionne believes he could save 1 billion euros a year from merging his operations with General Motors' European operations.
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Carmaker Tofas, a joint venture of Turkey's Koc Holding and Fiat, posted a net profit of 32.86 million lira ($20.66 million) in the first quarter, down 60 percent from a year earlier.
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Fiat Group could combine its automobile business into a new company that would also include its Chrysler stake and General Motors' European operations.
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If you're looking for Sergio Marchionne in the next few weeks, you might try the men's room and#x2014; at any one of Chrysler's plants, offices or technical centers in the United States. The Fiat S.p.A.
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Carmaker Tofas, a joint venture of Turkey's Koc Holding and Fiat, posted a net profit of 32.86 million lira ($20.66 million) in the first quarter, down 60 percent from a year earlier.
Full story...
Fiat Group could combine its automobile business into a new company that would also include its Chrysler stake and General Motors' European operations.
Full story...
Carmaker Tofas, a joint venture of Turkey's Koc Holding and Fiat, posted a net profit of 32.86 million lira ($20.66 million) in the first quarter, down 60 percent from a year earlier.
Full story...
At the New York Auto Show, Chrysler president Jim Press drove up behind the wheel of a Fiat 500. Chrysler has since formed an alliance with Fiat. But who exactly is this "saviour" who'se trying to prevent the extinction of the last of the ex-Big Three of the auto world?
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Fiat Group could combine its automobile business into a new company that would also include its new stake in Chrysler LLC and General Motors' European operations.
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Fiat Group could combine its automobile business into a new company that would also include its Chrysler stake and General Motors' European operations.
Full story...
A Fiat S.p.A. purchase of General Motors' Opel unit would be "an extraordinary opportunity" for the Italian automaker, Fiat's chairman said in an interview published Sunday.
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A Fiat S.p.A. purchase of General Motors' Opel unit would be "an extraordinary opportunity" for the Italian automaker, Fiat's chairman said in an interview published Sunday.
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Economy Minister Karl-Theodor zu Guttenberg said on Sunday Italian automaker Fiat S.p.A. -- and any investor -- must present a solid long-term strategy to keep Opel plants open to obtain German government support.
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Fiat CEO Sergio Marchionne, who forged an alliance with Chrysler two days ago, will meet on Monday with members of the German government to talk about an offer to buy General Motors' Opel unit.
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Fiat CEO Sergio Marchionne, who forged an alliance with Chrysler two days ago, will meet on Monday with members of the German government to talk about an offer to buy General Motors' Opel unit.
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Chrysler plans to close eight U.S. plants by December 2010, including five assembly operations, according to documents filed in U.S. Bankruptcy Court in New York. But Chrysler expects its pending alliance with Fiat S.p.A.
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Chrysler LLC's fragile overseas operations are largely thrown into limbo by the carmaker's bankruptcy filing and alliance with the Italian automaker Fiat S.p.A.
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