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In deposition notes to the court, Robert Manzo,
the executive director of Capstone Advisory
Group LLC, a financial advisory services
firm that has been retained by Chrysler
since late last year to assist with the
restructuring process, refers to the Fiat
Panda as the "Jeep Panda" which would seem
to confirm rumours that the A-segment Fiat
is set to bear a Jeep badge. |
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C-EVO is a new C-segment platform
that is a major evolution of the current Fiat
Bravo/Lancia Delta architecture and will make
its Fiat Group debut on Alfa Romeo's replacement
for the long running Alfa 147. Progetto 940
(above) as the project is officially known
is expected to the called the 'Milano'. |
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In
deposition notes to the U.S. Bankruptcy Court in
New York specific reference has been made for
the first time to Fiat and Alfa Romeo models
that will be built or imported into the U.S. by
Chrysler once the new alliance gets into gear,
with the Fiat Panda, Punto and forthcoming C-Evo
as well as Alfa Romeo's MiTo and future Milano
(940) all detailed. The model outline comes from
the deposition notes to the court of Chrysler
LLC Vice-Chairman and President Tom LaSorda and
Robert Manzo an executive with Capstone Advisory
Group LLC, a firm that has been retained by
Chrysler to assist with the restructuring
process.
In
LaSorda's lengthy notes he also makes reference
to contacts with Fiat stretching as far back as
March 2008, saying that "during a meeting with
Sergio Marchionne, Fiat's CEO, and Alfredo
Altavilla, Fiat's Senior VP of business
development, I proposed that Fiat and Chrysler
investigative the possibility of joint projects
on small cars in the United States market." He
said the initial discussions had focused on the
"manufacture and sale" of the Fiat 500 and a
"potential joint venture that would allow
Chrysler dealers to sell Alfa Romeo vehicles".
By April 2008 the talks had expanded to cover
"products, powertrain, markets and manufacturing
areas" and by the "summer of 2008" the talks had
widened much further to cover a full-blown
alliance between the two carmakers.
Saying that the "Access to Fiat technology and
platforms is a critical benefit of the
alliance," LaSorda added that "Fiat would give
Chrysler access to its 3.0-litre diesel engine
and 1.4-litre gas engine technology, critical
pieces for Chrysler to meet the new fuel economy
standards. Chrysler would also be better able to
meet its environmental regulation through its
access to Fiat's Multiair systems."
Talking about future product platform and
powertrain developments LaSorda said that:
"Chrysler and Fiat have identified four vehicle
platforms and two engine and transmission
families that can be used in the alliance. Among
those platforms are Fiat's highly successful C-EVO
platform, which Fiat and Chrysler have agreed to
manufacture at one of Chrysler's U.S. plants,
and Fiat's small car F500 and Fiat's hatchback."
He emphasised that "these plans are concrete and
specific." C-EVO is a new C-segment platform
that is a major evolution of the current Fiat
Bravo/Lancia Delta architecture and will make
its Fiat Group debut on Alfa Romeo's replacement
form the long-running Alfa 147. Progetto 940, as
the project is officially known, is expected to the
called the 'Milano'. LaSorda added: "These
shared platforms will result in substantial
savings to Chrysler while accelerating an entry
into the small-car market. Without Fiat, it
would cost approximately US$8 billion to US$10
billion and four to five years for Chrysler to
develop four new platforms, two new engine
families and two new transmission families."
Meanwhile another court deposition offers
further clarification of the models in the
frame, this time from Robert Manzo, the
executive director of Capstone Advisory Group
LLC, a financial advisory services firm that has
been retained by Chrysler since late last year
to assist with the restructuring process. "Fiat
would provide cars in segments not currently
served or those underserved by Chrysler," said
Manzo in his notes, "particularly as market
demand increases for more fuel-efficient,
smaller vehicles. These car lines include: the
Fiat 500 and Jeep Panda, in the smallest 'A'
segment; the Grand Punto and Alfa Mito in the
subcompact 'B' segment; and the Evo sedan and
Milano 940 in the 'C' segment." Interestingly
in his statement he
refers to the Fiat Panda as the "Jeep Panda"
which would seem to confirm rumours that the A-segment
Fiat is set to bear a Jeep badge.
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