Serbian Economy Minister Mlađan Dinkić says that implementation of the Fiat deal will be delayed for up to a year because of the world economic crisis; however, he said that the Zastava factory would stay open and continue working

Fiat Group and Chrysler LLC's owners Cerebus have confirmed in a statement this afternoon that the two companies are to enter into a wide ranging global alliance and that Fiat will take a 35 pct stake in the ailing American carmaker

Fiat Group shares have been suspended on the Milan bourse this morning ahead of a statement by the company to the stock exchange regarding reports yesterday that the Italian carmaker was in talks with Chrysler LLC

Fiat Group is locked in talks with Chrysler LLC to form a strategic partnership that could see the struggling American carmaker accessing Fiat's platforms and technology and even see the Italian firm grabbing an equity stake

As Fiat targets 250 million euros of sourcing from India by next year it has emerged that the country and its joint venture partner Tata Motors are set to play an important role in plans to launch a new global low-cost car brand by 2010

The economic slowdown and sharp decrease in demand for cars has forced a major scaling back of Fiat's plans for the Zastava factory it has acquired and the last generation Punto model is set to resume production at the plant

European new car registrations saw another big fall during December; Fiat Group down 14.5 pct compared to the market's 17.8 pct drop, while for the full year the Italian carmaker has sold 1,179,989 vehicles, 5.5 pct down year-on-year

"The reorganisation announced today represents an important step for Fiat Group Automobiles which will equip it to face future market challenges in the most efficient and immediate manner," says Fiat Group CEO Sergio Marchionne

Sergio Cravero has been appointed Chief Executive Officer of Alfa Romeo Automobiles and Harald Wester assumes responsibility of Abarth as Fiat introduces a new structure to further integrate the divisions and provide synergies

Fiat Group has confirmed media reports swirling this afternoon that Luca De Meo is leaving the company, issuing a statement confirming that the Alfa Romeo and Abarth CEO and group marketing chief is to to pursue other opportunities

Alfa Romeo and Abarth CEO Luca De Meo, one of the Italian carmaker's high flying star executives and often regarded as a contender as a future CEO of Fiat Group Automobiles, has resigned his positions with the Group today

European Automotive Imports now holds the top two spots for exotic cars sold in Australia with Maserati becoming the first exotic brand to pass the 200 annual sales figure and Ferrari setting another record for Australian sales in 2008

In a year of records for the motor vehicle industry in Brazil, Fiat Automóveis ended 2008 at the top of the rankings for the sales of cars and light commercial vehicles, with 657,778 units sold, also a new sales record for the brand

Fiat sales climbed by 26.1 per cent in Australia according to official VFACTS figures released this week with Fiats little and large flying out of showrooms across Australia and enabling the Italian car maker to record 2,156 sales in 2008

With 43,559 vehicles sold in Italy during December, down 15.14 pct year-on-year, a better than expected result in light of the global recession, the Fiat Group ends the year having racked up 689,686 vehicle registrations in its home market

Fiat Group is set to realign its £150m European media advertising business into WPP-owned agencies, a move that will see the Mediaedge:cia agency taking over the £10m UK account from Publicis Groupe's Starcom

Kragujevac Mayor Veroljub Stevanović has moved to counter growing speculation that the deal with Fiat Group to start producing cars on the site of the former Zastava factory in the Serbian city could fall victim to the economic downturn

Fiat Group recorded 75,871 new vehicle registrations across Europe during November, putting it 23.8 pct down year-on-year; however with the overall market dropping by 25.8 pct Fiat was able to raise its market share from 7.9 to 8.1 pct

Fiat's workers in factories across Italy have downed tools this week for an extended Christmas period close down caused by rapidly falling consumer demand that will see the carmaker's factories remaining idle for almost a month

Italian media reports suggest that Fiat Group is exploring a potential tie up with PSA Peugeot - Citroën, news that comes just days after Fiat CEO Sergio Marchionne claimed that the Italian firm would need a new partner to help it survive

Fiat CEO Sergio Marchionne has stated in an interview today that the Italian firm cannot survive the economic downturn on its own and predicting a wave of consolidations he says that Fiat will need to merge or form a partnership

Fiat India Automobiles has targeted a very high level of indigenisation of its new Linea sedan by 2010, while the petrol engine currently being manufactured at its facility in Ranjangaon will be completely built locally by that year

As the economic downturn continues to impact hard on the automobile manufacturing sector worldwide, Fiat Group Vice-Chairman has said in an interview today that it would be open to talks on the idea of a positive merger or partnership

The Italian new car market continues to suffer from the dramatic global economic downturn, during November it was down 29.46 pct year-on-year, and while Fiat Group lost 28.46 pct this did allow it to raise market share from 30.96 to 31.49 pct

Fiat has submitted three requests to China's economic planning authorities to restart manufacturing in China; they cover projects with Chery Automobile Co, Gunangzhou Automobile Group and Chongqing Changan Suzuki Co