The plight of the automotive industry has dominated not only the business pages of the world's newspapers but also the front pages to such an extent recently, you'd think its performance was the sole barometer for economic recovery. This week Chrysler, GM, Fiat, Honda, Renault grab the headlines.
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Fiat S.p.A.'s boss has confirmed that the automaker wants to form an alliance with General Motors' German subsidiary Opel.
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The works council head of Opel -- General Motors' struggling German unit -- said parties other than Fiat S.p.A. and Canadian-Austrian supplier Magna International were keen on investing in the German carmaker.
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The works council head of Opel -- General Motors' struggling German unit -- said parties other than Fiat S.p.A. and Canadian-Austrian supplier Magna International were keen on investing in the German carmaker.
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Fiat CEO Sergio Marchionne has come clean and told an Italian newspaper that Opel could be a perfect partner for Fiat.
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Fiat S.p.A.'s boss has confirmed that the automaker wants to form an alliance with General Motors' German subsidiary Opel. "Now we have to concentrate on Opel.
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Fiat S.p.A.'s boss has confirmed that the automaker wants to form an alliance with General Motors' German subsidiary Opel. "Now we have to concentrate on Opel.
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Fiat S.p.A.'s boss has confirmed that the automaker wants to form an alliance with General Motors' German subsidiary Opel. "Now we have to concentrate on Opel.
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Italian Industry Minister Claudio Scajola has welcomed news of a deal between Chrysler LLC and Fiat, saying he would work to facilitate dialogue with Italian trade unions.
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Fiat S.p.A. can gain a controlling interest in Chrysler LLC only after it has repaid about $7.5 billion in new federal loans being made to Chrysler as part of the automaker's history-making bankruptcy filing, senior White House officials said today.
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Chrysler LLC will proceed with Chapter 11 bankruptcy protection now that talks with debt holders have broken down, an Obama administration official said Thursday.
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Italian Industry Minister Claudio Scajola welcomed on Thursday news of a deal between Chrysler LLC and Fiat , saying he would work to facilitate dialogue with Italian trade unions.
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Italian Industry Minister Claudio Scajola welcomed on Thursday news of a deal between Chrysler LLC and Fiat , saying he would work to facilitate dialogue with Italian trade unions.
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WASHINGTON (Reuters) -- Chrysler LLC will file for Chapter 11 bankruptcy protection as it forms a partnership with Italian automaker Fiat S.p.A., President Barack Obama said today.
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Chrysler LLC will file for Chapter 11 bankruptcy protection in a New York court "almost immediately" and expects to emerge within 60 days in an alliance with Fiat S.p.A., senior White House officials said today.
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Chrysler LLC filed for Chapter 11 bankruptcy protection today in New York and expects to emerge within 60 days in an alliance with Fiat S.p.A., senior White House officials said today.
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Chrysler LLC will file for Chapter 11 bankruptcy protection in a New York court "almost immediately" and expects to emerge within 60 days in an alliance with Fiat S.p.A., senior White House officials said today.
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Chrysler LLC will proceed with Chapter 11 bankruptcy protection now that talks with debt holders have broken down, an administration official said today.
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Chrysler LLC will proceed with Chapter 11 bankruptcy protection now that talks with debt holders have broken down, an administration official said today.
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Chrysler LLC rushed to clinch a last-minute deal on Thursday to stave off collapse ahead of a midnight deadline.
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