Chrysler has had "very constructive discussions" with the US treasury and the presidential task force on the auto industry, chairman and CEO Bob Nardelli said in an email to employees. He also estimated the cash value of Fiat's contribution to be between $8bn and $10bn based on what it would cost Chrysler alone to develop and build the vehicles the Italian automaker would help with.
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Chrysler LLC's alliance with Fiat S.p.A. will eventually exceed the value of all loans Chrysler gets from the U.S. government, Chrysler CEO Bob Nardelli told employees in an e-mail message today.
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Chrysler LLC's alliance with Fiat S.p.A. will eventually exceed the value of all loans Chrysler gets from the U.S. government, Chrysler CEO Bob Nardelli told employees in an e-mail message today.
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Fiat on Friday (13 March) "in relation to comments in today's press", said in a statement its directors were not considering a merger with another automotive group "except as announced [in connection with discussions with Chrysler] on 20 January".
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Fiat Group and PSA/Peugeot-Citroen today denied an Italian newspaper report that the two companies could merge their automotive operations.
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Fiat Group and PSA/Peugeot-Citroen today denied an Italian newspaper report that the two companies could merge their automotive operations.
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Fiat Group and PSA/Peugeot-Citroen today denied an Italian newspaper report that the two companies could merge their automotive operations.
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Fiat Group and PSA/Peugeot-Citroen today denied an Italian newspaper report that the two companies could merge their automotive operations.
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Fiat's seven-year reign as Brazil's No. 1 seller of new vehicles is at risk.
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Fiat CEO Sergio Marchionne says he will and#8220;fight like helland#8221; to ensure his company makes money this year and criticized bosses who already have admitted their companies will make a loss this year.
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Fiat CEO Sergio Marchionne says he will and#8220;fight like helland#8221; to ensure his company makes money this year and criticized bosses who already have admitted their companies will make a loss this year.
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Fiat CEO Sergio Marchionne says he will and#8220;fight like helland#8221; to ensure his company makes money this year and criticized bosses who already have admitted their companies will make a loss this year.
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Fiat has said it will set up a production line in Poland to produce its new reduced-emission MultiAir engines.
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Fiat S.p.A. CEO Sergio Marchionne today told President Barack Obama's auto industry task force that his company would "add value" through an alliance with a taxpayer-supported Chrysler LLC.
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Fiat considers its MultiAir variable valve timing technology a breakthrough application with the same potential impact of its 1997 common-rail diesel injection technology - but the Italian group will retain intellectual property right to the system.
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Fiat Group CEO Sergio Marchionne said the French government's approval of low-interest loans to Renault and PSA/Peugeot-Citroen are unfair to other European carmakers.
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Fiat Group CEO Sergio Marchionne said the French government's approval of low-interest loans to Renault and PSA/Peugeot-Citroen are unfair to other European carmakers.
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Chrysler LLC co-President Jim Press today said Chrysler and Fiat S.p.A. are continuing due diligence for a proposed alliance, but stakeholder concessions are needed to get the financial aid that will make the deal viable.
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Fiat's CEO will go to Washington this week to try to convince government officials of the benefits of a planned alliance between the Italian industrial group and struggling U.S. car maker Chrysler.
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Fiat's CEO will go to Washington this week to try to convince government officials of the benefits of a planned alliance between the Italian industrial group and struggling U.S. car maker Chrysler.
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