Chrysler LLC CEO Bob Nardelli says the $3 billion in second-stage federal loan money the company seeks would be used in North American operations even if a proposed Chrysler-Fiat alliance goes forward.
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Chrysler is making "continued progress in gaining cost concessions from its key constituents as the company pursues a global strategic alliance with Fiat," the automaker has said.
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Chrysler is working to agree concessions with the United Auto Workers union, key suppliers and creditors, has agreed to axe its controversial 'jobs bank' and has hosted Fiat CEO Sergio Marchionne at its US headquarters.
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Chrysler is working to agree concessions with the United Auto Workers union, key suppliers and creditors, has agreed to axe its controversial 'jobs bank' and has hosted Fiat CEO Sergio Marchionne at its US headquarters.
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Fiat S.p.A. CEO Sergio Marchionne and a team of Fiat senior executives visited Chrysler LLC headquarters in Auburn Hills, Mich., on Saturday morning, according to a letter to Chrysler employees from CEO Bob Nardelli.
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Italy's auto sector could lose 60,000 jobs unless the state comes to the rescue, Fiat's CEO has said.
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Fiat subsidiary Magneti Marelli has signed an agreement for a joint venture with SAIC for the production of hydraulic components for the automated manual transmission (AMT) made by Magneti Marelli.
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Even if a collaborative deal between Fiat and Chrysler is confirmed, the proposed arrival of donor small cars for Chrysler is still years away and will cost the troubled US firm billions of dollars in retooling costs, according to analysts at CSM Worldwide.
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Even if a collaborative deal between Fiat and Chrysler is confirmed, the proposed arrival of donor small cars for Chrysler is still years away and will cost the troubled US firm billions of dollars in retooling costs, according to analysts at CSM Worldwide.
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Fiat CEO Sergio Marchionne sees 60,000 jobs in Italy's car industry at risk if the sector does not get help from the government.
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Fiat S.p.A. CEO Sergio Marchionne and a team of Fiat senior executives visited Chrysler LLC headquarters in Auburn Hills, Mich., on Saturday morning, according to a letter to Chrysler employees from CEO Bob Nardelli.
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Fiat S.p.A. CEO Sergio Marchionne and a team of Fiat senior executives visited Chrysler LLC headquarters in Auburn Hills, Mich., on Saturday morning, according to a letter to Chrysler employees from CEO Bob Nardelli.
Full story...
Fiat Chief Executive Sergio Marchionne sees 60,000 jobs in Italy's car industry at risk if the sector does not get help from the government, a source told Reuters on Monday.
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Fiat Chief Executive Sergio Marchionne sees 60,000 jobs in Italy's car industry at risk if the sector does not get help from the government, a source told Reuters on Monday.
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There would be a popular revolt if Fiat Auto was given government help, a right-wing Italian cabinet minister has said in a warning to the government ahead of talks with the auto sector this week.
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A right-wing Italian cabinet minister said there would be a popular revolt if Fiat is given government help.
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Fiat Professional achieved its 2010 sales target two years ahead of schedule, making the light commercial vehicle unit the only sweet spot for the troubled Italian automaker. The division boosted its global sales by 5.
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Chrysler LLC and Fiat S.p.A. will bring seven new vehicles to North America under their alliance--four with Chrysler brands and three as Fiats or Alfa Romeos.
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It's hard to imagine Australian police without their full-size Holden Commodore or Ford Falcon V8 cruisers, but one branch of the Australian police, in the Sydney suburb of Leichhardt, have gone to the absolute other extreme with a Fiat 500 JTD turbodiesel, the most economical car on the market there, now serving as a police car.
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Fiat has extended factory closures in Italy into March as it seeks to cut production to cope with a global fall in demand.
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