As the UK market continued to slump during March, down 30.5 pct, Alfa Romeo was the best performing brand and the only one to turn in a year-on-year rise while Fiat mirrored the overall market and Abarth demonstrated strong demand

The US Treasury Department is leading talks with Chrysler's creditors to take equity stakes as it battles to achieve the list of demands set down by President Obama within the 30 days deadline set for the deal with Fiat to be realised

With Fiat riding a recovery in several key European new car markets during March its successful month has extended to the French market with the Italian carmaker seeing its sales climb by more than a quarter year-on-year

Hot on the heels of news that Fiat has turned in an impressive March in its home market comes the news that it more than doubled its sales on the key German market last month while Alfa Romeo and Lancia completed a rosy picture

A FIAT Qubo, the unique vehicle generated by the FIAT - PSA Peugeot-Citroën joint venture, is vehicle number 3,000,000 to come off the production lines of the Tofaş plant in Bursa, Turkey, after 41 years of the partnership with Koç Holdings

Standard & Poor’s has become the second credit rating agency - following Fitch Ratings' lead a week ago - to mark down Fiat Group's debt to junk status, lowering its rating on Fiat’s long-term debt liabilities from "BBB-" to "BB+"

Kroymans Corporation, the official importer of Alfa Romeo and Ferrari into the Netherlands, which has been hard hit by the recent slowdown in car sales due to its highly unfavourable mix of automotive brands, has been declared bankrupt

With the clock ticking down on a 30 day deadline to forge a deal with Chrysler, Fiat's senior management led by CEO Sergio Marchionne are in Michigan now hammering away at the details of one of auto industry's most groundbreaking deals

Fiat Group has swatted the economic gloom to one side to turn in an impressive performance in Italy last month: with 70,036 new vehicle registrations it was up 6.06 percent year-on-year and it easily outperformed the overall market

"It will present an extraordinary opportunity," said Fiat Group President Luca di Montezemolo in a statement today "having access to a major network such as Chrysler’s we will be able to enter the U.S. market with automobiles

Fiat CEO Sergio Marchionne issued a statement this afternoon to express his satisfaction after US President Obama indicated earlier in the day that his administration will support Chrysler's on-the-table proposal to form an alliance with Fiat

Presidential Auto Task Force - Auto Restructuring Fact Sheet: After extensive consultation, the Administration has determined that Chrysler has not demonstrated that it can achieve long-term viability as a stand-alone company

Presidential Auto Task Force - Chrysler Determination of Viability (Summary): After substantial effort and review it is concluded that the Chrysler plan is not likely to lead to viability on a standalone basis and that Chrysler must seek a partner

We are pleased that Chrysler, Fiat and Cerberus have reached agreement," say Chrysler CEO Bob Nardelli, "Chrysler has consistently said that the alliance with Fiat enhances its business model that expands its global competitiveness"

The US Treasury Department's auto task force confirmed today that striking a deal with Fiat represents Chrysler's last chance of survival although it believes that there is a huge amount of work to be done to turn this option a practical proposition

Off the record comments say that Chrysler will be given 30 days to strike a deal with Fiat otherwise no more aid will be forthcoming, although the Auto Task Force has dismissed the US carmaker's current viability plans as unrealistic

At Fiat Group's Annual General Meeting on Friday CEO Sergio Marchionne told assembled shareholders that the face of the industry will change significantly in coming years due to the current recession which has hit demand for new cars

During a meeting of Fiat shareholders yesterday Group CEO Sergio Marchionne continued to emphasise the value of the proposed alliance with Chrysler LLC, saying that it could potentially bring 'great benefits' to the Italian carmaker

With the first cars now rolling off the Fiat Punto production line at the Zastava factory in Kragujevac will be officially opened today in the presence of dignitaries signifying the start of a new era of Fiat production operations in Serbia

Fiat has done everything it possibly can to satisfy the US government that its proposed alliance with Chrysler LLC is the best way forward for the ailing American automaker, that is the view of Fiat Group CEO Sergio Marchionne

Fiat Group CEO Sergio Marchionne has expressed himself to be more upbeat now about the short-term prospects for the auto industry and foresees signs of recovery this year, while also reconfirming Fiat's full year financial targets

BorgWarner will supply its DualTronic transmission control system for Fiat Powertrain Technologies' first dry dual-clutch transmission and it will also be the first time BorgWarner's control system has been applied to a dry dual clutch

The recognition of Fiat Automóveis as a brand that has widened the Brazilian consumer's access to products with increased technology and new design solutions is due in a large part to the "Polo de Desenvolvimento Giovanni Agnelli"

Video: Chrysler website - Why Fiat Works [revised]

Fiat Group has responded very quickly to contradict comments made in an interview with Chrysler CEO Bob Nardelli that Fiat would assume 35 pct of the ailing American automaker's debt to the US government if the deal goes through