20.03.2009 |
|
Fiat has
hired Virginia-based Environ Holdings Inc to conduct a
thorough safety and environmental review of Chrysler
LLC's array factories and facilities this week and
assess the liabilities that could arise if the deal goes
ahead
|
|
19.03.2009 |
|
Citing the
global economic downturn, Chery Automobile and Fiat
Group Automobiles have now put on ice a proposed joint
venture project that was centred around plans to start
up production of the Fiat and Alfa Romeo brands in China
|
|
19.03.2009 |
|
Fiat has
promoted a special event to signal the importance of the
Colombian market in its growth plans for Latin America,
launch new models and to announce that Colitalia Autos S.A.
is to be its new official representative in the country
|
|
18.03.2009 |
|
Chrysler LLC CEO
Robert Nardelli believes the ailing carmaker can survive
with or without the help of Fiat and that the proposed deal
with the Italian firm will be worth between US$8 and US$10
billion in terms of the technology it brings
|
|
17.03.2009 |
|
According to
local media reports Guangzhou Automobile Industry Group
Co has firmed up outline plans for a joint venture with
Fiat in China building on negotiations that have been
going on between the two since late last autumn
|
|
17.03.2009 |
|
The US
Treasury Department is still open minded about whether
or not it will approve the proposed alliance between
Chrysler LLC and Fiat according to the top official
leading the Obama administration's auto task force
|
|
14.03.2009 |
|
With 87,635 registrations in February Fiat
Group consolidated its position as the fourth best
selling car making group in Europe, putting more
daylight between itself and GM and Renault both of which
it has leapfrogged this year
|
|
13.03.2009 |
|
Fiat has
denied this morning's reports that a proposal has been
drafted for a potential merger between the Italian car
maker and French group PSA Peugeot-Citroën although the
denial in the statement wasn't overly emphatic
|
|
13.03.2009 |
|
According to
an Italian media report this morning a plan for a merger
between Fiat and PSA Peugeot-Citroën has been drawn up
and is now being considered by Fiat CEO Sergio
Marchionne who will decide whether to present it to the
Fiat board
|
|
13.03.2009 |
|
Fiat
Automóveis saw 44,980 vehicles registered in Brazil
during February, a growth of 3.9 percent in comparison
with January, and a total that put it above the average
rise of the total new vehicle market which grew by 0.9
percent
|
|
11.03.2009 |
|
Fiat Group CEO Sergio Marchionne has said that he will
"fight like hell" to keep the Italian carmaker in profit
this year and was critical of the industry executives who
were already forecasting losses at their own companies this
year
|
|
05.03.2009 |
|
Fiat CEO
Sergio Marchionne was upbeat about the prospects of
forging a meaningful alliance with Chrysler LLC after a
face-to-face meeting with the US Treasury's department's
automotive task force in Washington this afternoon
|
|
04.03.2009 |
|
Chrysler's
Vice-President Jim Press said at the Geneva Motor Show
this week that talks with Fiat aiming towards the
proposed alliance are on-going at that he is confident
that all the barriers to the deal can be overcome in
time
|
|
04.03.2009 |
|
Fiat Group
CEO Sergio Marchionne will be crossing the Atlantic this
week to try to convince US government representatives
that his plan to strike a deal with Chrysler LLC offers
the best way forward for the struggling American
carmaker
|
|
02.03.2009 |
|
Italy
suffered another month of sharply falling car sales
during January, however Fiat Group with 53,138
registrations across its brands outperformed the overall
market to raise its share from 31.08 to 32.15 percent
year-on-year
|
|
01.03.2009 |
|
Stalled
plans by Fiat and Tata Motors to jointly build off-road
capable vehicles at the former's factory at Córdoba in
Argentina have reopened and are reaching a advanced
stage with the first vehicles set to be launched by the
end of the year
|
|
21.02.2009 |
|
Fiat Group
on Friday announced that it had obtained a 1 billion
euro credit line as it prepares to meet debt obligations
that fall due for repayment this year; however the
announced new finance was much smaller than had been
expected
|
|
20.02.2009 |
|
Tofaş, Fiat's joint venture car manufacturing company in
Turkey, has posted a slightly lower than predicted full
year net profit for 2008 as it begins to suffer from the
steeply falling demand for new vehicles both at home and
abroad
|
|
18.02.2009 |
|
Chrysler Viability Plan (II):
Cutting-edge Fiat technology to play a key role as
Chrysler gets ready to launch 24 new vehicles during the
next 48 months with eight of these new products due to
arrive in the next year and a half
|
|
18.02.2009 |
|
Chrysler Viability Plan (I): The 177-page report
outlines the benefits of an alliance with Fiat that
would create the world's sixth largest automaker with a
complimentary geographical presence and provide a
springboard for expansion
|
|
18.02.2009 |
|
Chrysler LLC
has submitted its viability plan to the U.S. Treasury
Department, outlining its plans to:
enhance its product line-up;
complete its ongoing aggressive restructuring; and
achieve cost reducing concessions from stakeholders
|
|
17.02.2009 |
|
It's crunch
time today for Chrysler LLC as the floundering carmaker
goes to Capitol Hill to justify a further US$3 billion
bailout that is a conditional part of any proposed
alliance with Fiat, although little firm detail of the
deal is expected
|
|
14.02.2009 |
|
The deal
that will see Fiat taking a 35 percent stake in Chrysler
LLC and providing a wealth of technology won't be
finalised by the time the American automaker presents
its viability plan to the US Treasury Department on
Tuesday
|
|
13.02.2009 |
|
BMW and Fiat
yesterday both moved quickly to deny German media
reports that claimed the co-operation talks centering
around sharing components and technology that begun last
summer had come to an inconclusive end
|
|
13.02.2009 |
|
Car sales lost a massive 27 pct across Europe in
January, however Fiat, which was down 26 pct, was able
to report some very good news as it leapt into fourth
place, overtaking Renault and GM, both of whom had
torrid months
|
|
|
|