Auto News 5

Canada's government has threatened to cut off aid to Chrysler unless the Canadian Auto Workers (CAW) union agrees concessions of C$19 an hour to enable the automaker to finalise its proposed alliance with Fiat. Full story...

Fiat chairman Luca Cordero de Montezemolo has denied eyeing General Motors Europe's Opel AG. Full story...

First it was the car industry copying supermarkets' 'BOGOF' (buy one, get one free) promotions. Here in the UK, that was the recent offer from one well known broker on Dodge Avengers (two for GBP20,000) while, in Auckland, New Zealand, a new dealership was launched recently offering BOGOFs like a free Citroën C4 hatchback with every C6 sold or a free Fiat Punto with every Alfa Romeo Brera. Now, in Slovakia, other retailers are borrowing the scrap-for-new scheme that has recently boosted new car sales. According to news agency AFP, the scrappage scheme there has sparked copycat slogans to revive washing machines, trainers or wallet sales amid the economic crisis. Full story...

Fiat Chairman Luca Cordero de Montezemolo denied on Friday the Italian carmaker was looking at General Motors' German unit Opel. Full story...

Chrysler would cede control of its board and ultimately senior leadership if it completes a planned alliance with Italy's Fiat SpA, Chrysler CEO Bob Nardelli said. The U.S. Full story...

Chrysler would cede control of its board and ultimately senior leadership if it completes a planned alliance with Italy's Fiat SpA, Chrysler CEO Bob Nardelli said. The U.S. Full story...

The UAW and Italy's Fiat S.p.A. could be Chrysler LLC's leading shareholders if the struggling U.S. Full story...

The UAW and Italy's Fiat S.p.A. could be Chrysler LLC's leading shareholders if the struggling U.S. Full story...

The UAW and Italy's Fiat S.p.A. could be Chrysler LLC's leading shareholders if the struggling U.S. Full story...

Fiat vehicle unit sales in April in Italy should be higher compared to 2008 and will definitely be up in Germany, brand head Lorenzo Sistino said on Thursday. Full story...

The Canadian Auto Workers will reopen negotiations with Chrysler on Monday but is sticking to its position that it won't cut labour costs to the level of US and Canadian foreign-owned transplant factories even after Fiat SpA chief executive officer Sergio Marchionne threatened to walk away from a strategic alliance with Chrysler unless the union gives in. Full story...

In today's News Brake: The FIA rules on the controversial new diffusers; the new Aston Martin Rapide breaks cover; and a Chrysler-Fiat update...But Wait, There's More! Full story...

Fiat S.p.A. CEO Sergio Marchionne said he is ready to abandon plans to form a partnership with Chrysler LLC unless the U.S. carmaker's unions accept substantial labor cost reductions by the end of the month. Full story...

The message in Fiat chief Sergio Marchionne's interview with a Canadian newspaper on a possible merger between his firm and Chrysler was short and to the point: 'cut costs or we walk'. Full story...

Fiat S.p.A. CEO Sergio Marchionne said he is ready to abandon plans to form a partnership with Chrysler LLC if the U.S. carmaker's unions refuse to accept substantial labor cost reductions by the end of the month. Full story...

Fiat S.p.A. CEO Sergio Marchionne said he is ready to abandon plans to form a partnership with Chrysler LLC if the U.S. carmaker's unions refuse to accept substantial labor cost reductions by the end of the month. Full story...

Chrysler and Fiat Merger - Noise Vibration & Harshness

Finance it Again, Tony: Might a merger of Chrysler and Fiat be good news?

It seems only yesterday they were the masters of the universe. Yet just yesterday, literally, my friends at Citibank fired an e-mail my way, inviting me to take advantage of exclusive "access to great concerts, dining, sporting events, and more." Translation: the bank won't loan money to me or anyone else, by rights it is bankrupt, yet when it's not busy jacking up credit card interest rates to usurious heights or lobbying for more bailout money, Citi makes time to suggest expensive ticket purchases for selected events that valued idiots - I mean, customers like me - might care to see, such as Kevin Nealon in the round (Citi's suggestion). All so I can pay them an additional charge.

Photo Gallery: Chrysler and Fiat Merger - Automotive Industry News - Automobile Magazine

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Chrysler creditors are planning a counter offer to the US treasury this week, in which they might ask for equity in a firm combining Chrysler with potential partner Fiat in exchange for concessions, the Wall Street Journal (WSJ) reported, citing "people familiar with the matter". Full story...

Hurrying to meet a 30 April deadline to agree terms of an alliance, Fiat and Chrysler are discussing a new seven-member Chrysler board including Fiat representatives and possibly even members of the Obama administration's autos task force, a media report said. Full story...

The Boston Consulting Group was awarded $7 million by the U.S. Treasury Department to help assess General Motors' restructuring plan and Chrysler's alliance with Fiat as the government considers the automakers' fates. Full story...