13.02.2009 |
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Fiat's
potential partner in the US, Chrysler, has just put on
hold a joint venture project to build an efficient small
car, the Dodge Hornet, that it signed up to with Nissan
in April of last year, due to the worsening financial
climate
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11.02.2009 |
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While BMW
confirmed yesterday that talks with Fiat are still
ongoing, this morning German media reports emphatically
claim that the discussions, which centred around
co-operation between the Alfa Romeo and MINI brands,
have failed
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09.02.2009 |
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While recent
media attention has been focused on Fiat's proposed
alliance with Chrysler LLC and persistent rumours of a
tie up with PSA, reports today suggest that talks with
BMW over small platform technology sharing are still
on-going
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08.02.2009 |
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Fiat's share
price closed up by 6.84 percent in brisk trading on
Friday after the Italian government finally adopted an
emergency plan of incentives to help the automobile
sector which has been hit hard by the global economic
crisis
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06.02.2009 |
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The Serbian
privatisation agency says that the 200 million euros
that Fiat owes for the purchase of the Zastava factory
will be paid by the end of the year and that the planned
large scale production plans are still in the pipeline
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04.02.2009 |
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Thanks to
strong demand for the Fiat 500, Australia's most
economical car, and against the overall market trend
which saw a 18.2 percent contraction in sales, Fiat car sales
in Australia rocketed by 196.2
percent in January
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04.02.2009 |
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Chrysler
LLC, fighting for its survival, has few options other
than a tie-up with Fiat, Sergio Marchionne, CEO of the
Italian automaker, in Detroit to study the carmaker's
operations told the Detroit Free Press in an
interview this week
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03.02.2009 |
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According to
Fiat CEO Sergio Marchionne, in an interview with the
Wall Street Journal, Fiat's planned alliance with
Chrysler is a 'lottery ticket' that could be worth
nothing if the North American automaker does not recover
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03.02.2009 |
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Italian new
vehicle registrations tumbled by 32.6 pct last month
although Fiat's 50,616 units meant that the domestic
carmaker outperformed the overall market's sharp drop to
raise its overall share from 31.53 to 32.15 pct
year-on-year
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01.02.2009 |
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Following a
sharp increase in Fiat Group net debt as revealed during
the publication of its full year financial report ten
days ago it is being reported this weekend that the
carmaker is very close to securing a new 3 billion euro
credit line
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01.02.2009 |
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Fiat and the
Serbian government have signed an agreement on the
resumption of production of the last generation Punto in
Kragujevac; the agreement was signed in Turin in the
presence of Serbian Economy Minister Mlađan Dinkić
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30.01.2009 |
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Chrysler LLC
has reported continued progress in gaining cost
concessions from its key constituents as the Company
pursues a global strategic alliance with Fiat that will
see it getting widespread access to Fiat's platforms and
technology
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28.01.2009 |
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Chrysler and
Fiat will bring seven new vehicles to the US based on
four of the Italian car maker's platforms according to
Automotive News in a report this week citing
sources that have seen the proposed product sharing
agreement
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27.01.2009 |
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Magneti Marelli and SAIC
Motor Corporation have signed up to a new joint venture
agreement in China aimed at the production of hydraulic
components for the AMT (Automated Manual Transmission)
made by Magneti Marelli
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27.01.2009 |
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Gűnter
Verheugen Vice-President of the European Commission and
Commissioner for Enterprise and Industry met at Lingotto
with Fiat CEO Sergio Marchionne to discuss the situation
of the automotive industry in the European Union
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25.01.2009 |
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Chrysler
expects to have its first vehicle based on a Fiat on
sale in North America within two years according to
President and Vice Chairman Jim Press, with initial
products being based on the Grande Punto and Panda
platforms
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24.01.2009 |
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Senior
management at design
departments at Fiat and Chrysler will begin meeting
together within days to start deciding which vehicles
and technology from the Italian firm's range will be
adapted for the North American market
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23.01.2009 |
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Fiat Group
CEO Sergio Marchionne who has masterminded the proposed
ambitious alliance with Chrysler LLC has made it clear
that he has no intention of running the American
carmaker if the partnership comes to fruition
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22.01.2009 |
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Fiat Group Chairman Luca di Montezemolo has reacted
positively to news that the Italian government will
consider providing aid to the crisis hit Italian
automotive industry when it convenes a special meeting
of concerned parties
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22.01.2009 |
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Fiat has
flatly denied Italian media reports this morning that it
was seeking a capital increase to fund a merger or
acquisition after a turbulent day on the stockmarket
that saw its shares suspended prior to the confirmation
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22.01.2009 |
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Fiat
Group has reported its Q4 and Full Year 2008 financial
results today which see a 69.8 percent fall in Q4
profits to 180 million euros as the worldwide economic
slowdown bites into profits while full year profit was
1.72 billion euros
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22.01.2009 |
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Just two
days after the dramatic alliance with American giant
Chrysler was confirmed, Italian media sources claim
today that Fiat is also in the process of planning a
merger with French car making group PSA Peugeot-Citroën
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21.01.2009 |
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In the 24
hours since the proposed alliance between Fiat and
Chrysler was announced, the world has pondered the
potential of this deal, with the media, analysts,
rating's agencies, research agencies and dealers
offering their opinions
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21.01.2009 |
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Chrysler's newly forged alliance with Fiat SpA should cheer
those worried about the fate of Detroit's auto industry,
says The Detroit News, the deal should give
Chrysler some breathing room to operate as an
independent company
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21.01.2009 |
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In an
open letter to Chrysler stakeholders, Chairman and CEO
Bob Nardelli outlines how he believes that the proposed
alliance provides significant strategic benefits that
support our viability and long-term competitiveness
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