Fiat's alliance with Chrysler appears to be a "useful" business move that will not hurt Italian workers, but future consolidation in Europe might, an Italian labor leader said on Wednesday.
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Italian authorities won approval from EU regulators on Wednesday to give automaker Fiat 46 million euros ($60.7 million) in aid for investment in the production of a new Lancia car in Sicily.
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Italian authorities won approval from EU regulators on Wednesday to give automaker Fiat 46 million euros ($60.7 million) in aid for investment in the production of a new car model in Sicily. The investment was expected to maintain jobs in the region.
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Italian authorities won approval from EU regulators on Wednesday to give automaker Fiat 46 million euros ($60.7 million) in aid for investment in the production of a new Lancia car in Sicily.
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The president of the Canadian Auto Workers said he was told by Fiat S.p.A. chief Sergio Marchionne that Chrysler was likely to seek bankruptcy protection temporarily in the United States.
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Fiat S.p.a. and Magna International Inc. are emerging as rival bidders for a significant stake in General Motors' Opel/Vauxhall subsidiary.
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Daimler AG's deal to exit its 19.9 percent stake in Chrysler LLC facilitates the U.S. automaker's proposed partnership with Fiat S.p.A., Chrysler CEO Bob Nardelli said. The move will help Chrysler meet the requirements laid out by the U.S.
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Fiat's deal with Chrysler LLC will be decided Thursday evening, Fiat Vice Chairman John Elkann said today. "The Chrysler deal will be decided on Thursday evening our time, end of day in the United States.
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Fiat S.p.a. and Magna International Inc. are emerging as rival bidders for a significant stake in General Motors' Opel/Vauxhall subsidiary.
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Fiat S.p.a. and Magna International Inc. are emerging as rival bidders for a significant stake in General Motors' Opel/Vauxhall subsidiary.
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UAW local chiefs approved labor concessions that would cut Chrysler LLC's cash payments to a retiree health-care trust in exchange for 55 percent of the equity in the planned Chrysler-Fiat partnership, a source familiar with the accord said.
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German politicians would rather Magna take over Opel while Fiat would keep all four German Opel sites in production, though not necessarily at current levels, media reports said on Monday.
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Fiat Automobiles plans temporary closures of the Alfa Mito and Fiat Multipla assembly lines at its Mirafiori, Turin plant, a company source has said.
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The United Auto Workers has reached agreement with Chrysler, Fiat and the US government on concessions to its 2007 contract and healthcare trust, the union said last night.
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Opel's German factories would keep operating and the General Motors subsidiary would not be burdened with Fiat's large debt if the rival European automakers form a partnership, the online version of German news magazine Der Spiegel reported...
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Opel's German factories would keep operating and the General Motors subsidiary would not be burdened with Fiat's large debt if the rival European automakers form a partnership, the online version of German news magazine Der Spiegel reported...
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Chrysler and the UAW agreed to revised labor terms that may help the automaker forge an alliance with Fiat S.p.A. and qualify for additional U.S. rescue loans.
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Fiat wants to forge an alliance with Chrysler LLC even if the company is forced into Chapter 11, according to a source familiar with the matter.
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The UAW said it reached a labor agreement with Chrysler LLC, Fiat S.p.A. and the U.S. Treasury Department.
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The UAW said it reached a labor agreement with Chrysler LLC, Fiat S.p.A. and the U.S. Treasury Department.
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