This week's news highlights can be easily summarised: Q1 results (including Ford's better than expected numbers out today), Chrysler, Fiat, Marchionne, General Motors, Opel, Chapter 11 and Shanghai.
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The European Union's industry commissioner Guenter Verheugen drew a sharp rebuke from Fiat after questioning the company's ability to do separate deals with two other carmakers given its high debt level, The Italian news agency ANSA quoted Verheugen...
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With a week remaining for Chrysler LLC to clinch a deal with Italy's Fiat S.p.A., the U.S.
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Fiat is not commenting on German media reports that it wants a controlling stake in General Motors' Opel/Vauxhall unit but one thing is clear: the Italian automaker will not be giving GM any cash.
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Fiat is not commenting on German media reports that it wants a controlling stake in General Motors' Opel/Vauxhall unit but one thing is clear: the Italian automaker will not be giving GM any cash.
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Magna International would be welcome as an investor in General Motors' Opel unit, a senior labor leader who sits on Opel's supervisory board told German television, reiterating that Opel labor opposed the idea of letting Fiat take control.
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A German publication quoting anonymous sources announced in its latest edition that Italian automaker Fiat is reportedly on the verge of signing an agreement with General Motors to buy back some of its European operations, including Opel's.
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In today's News Brake: We get a glimpse of the new Dodge Viper ACR; Fiat is now wooing Opel; and Lola is thinking of getting back into Formula One ... But Wait, There's More!
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Fiat SpA CEO Sergio Marchionne said today he likes Chrysler LLC in its "totality" and considered it premature to mull over picking up the U.S. automaker's assets in bankruptcy. The alliance talks with struggling U.S.
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Fiat has posted a first quarter net loss of EUR411m which compares with a net profit of EUR427m in the same quarter last year. The result was hit by lower volumes in major markets and was significantly worse than analysts' expectations.
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The proposed partnership between Fiat and Chrysler has been thrown into a tailspin with revelations that the Italian carmaker has made a secret offer to purchase a majority stake in Opel.
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It could be second time lucky for an Opel-Fiat tieup, four years after their alliance break up, which cost General Motors $2 billion. What has changed to make it worth the two former partners getting back together again? In a word: Everything.
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Fiat on Thursday refuted a report in German magazine Der Spiegel that said it would acquire a majority stake in Opel.
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Fiat Group Automobiles reported a lower-than-expected first quarter loss today. The company swung to a 30 million euros ($39.2 million) trading loss for its first quarter, compared with a 193 million euros ($252 million) profit a year ago.
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Chrysler is racing to agree a viable restructure with creditors, Fiat, the US Treasury and other stakeholders with just a week to go to the government's deadline.
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Fiat said today that it is still in talks to form a partnership with Chrysler as speculation mounted that the Italian automaker plans to take a majority stake in General Motors' Opel/Vauxhall brands.
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Fiat plans to take a majority stake in General Motors' Opel/Vauxhall brands, Opel labor boss Klaus Franz told the German press agency DPA today.
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Fiat said today that it is still in talks to form a partnership with Chrysler as speculation mounted that the Italian automaker plans to take a majority stake in General Motors' Opel/Vauxhall brands.
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Fiat said today that it is still in talks to form a partnership with Chrysler as speculation mounted that the Italian automaker plans to take a majority stake in General Motors' Opel/Vauxhall brands.
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The U.S. Treasury has raised its offer to Chrysler lenders with just over a week remaining for the embattled automaker to reach deals to cut its debt and labor costs while reaching reach an alliance with Italy's Fiat SpA, sources said Wednesday.
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