Just as Tofaş reports a first quarter revenue and profits contraction, Fiat has become the top selling brand on the Turkish market in April and for Q1 after breaching the 10,000 passenger car and light commercial vehicle barrier last month

Following the withdrawal of the dissident lenders' motion, the U.S. Bankruptcy Court managing the Chapter 11 restructuring of Chrysler LLC has entered an order approving a process for the sale of substantially all of the company's assets

Fiat CEO Sergio Marchionne yesterday pitched his bid to take over Opel to the government leaders from the German regions where the brand's manufacturing facilities are located and found his greatest obstacle was concern over job cuts

Against a backdrop of falling new car sales in the with the market 28.5 pct down on 2008 year-to-date Alfa Romeo, is bucking the trend by posting buoyant sales results in the past two consecutive months and was up 76.3 pct in April

A second action plan by Fiat for a merger with Opel has fallen into the hands of the German media and this time it is being claimed that it is the document presented to the German government by Fiat CEO Sergio Marchionne on Monday

Fiat's small, efficient models were in favour with German new car buyers during April with 23,944 units registered putting it up 150.5 percent year-on-year and making it the fourth highest selling brand in Europe's biggest new car market

The latest twist in the fast moving Fiat and GM discussions has come today with media reports claiming that GM may be prepared to hand control over its operations in Europe and Latin America in exchange for an equity stake in Fiat

Media stories today citing an internal Fiat report claim a merger between Fiat and Opel will result in 18,000 job losses, the closure of 10 factories, at least two of them in Italy, and the discontinuation of the 103-year-old Lancia brand

In deposition notes to the Bankruptcy Court specific reference is made to the Fiat models that are destined for the U.S. with the Fiat Panda, Punto and forthcoming C-Evo as well as Alfa Romeo's MiTo and future Milano (940) all detailed

Following widespread media speculation Chrysler has today confirmed the identity of the eight manufacturing plants that won't be transferred to the new entity during this month's bankruptcy proceedings and that will be scheduled for closure

As the Bankruptcy Court gives Chrysler approval to release funds to suppliers a group of secured creditors have been in court today to give a deposition that they intend to fight against the restructuring process that has been hammered out

Alfa Romeo's sales in Australia during April rose by 51.5 percent according to official VFACTS figures released today driven by the success of a limited edition TI version of the Alfa Romeo 159, the Italian car maker’s best selling model

GM owned Swedish carmaker Saab, currently involved in a bankruptcy restructuring process, could be included in Fiat CEO's ambitious plans to create a new giant that would be made up of Fiat, Vauxhall/Opel and Fiat's stake in Chrysler

Fiat CEO Sergio Marchionne outlined his proposal to create Europe's biggest carmaker to German ministers in Berlin yesterday, a plan that will call for 5-7 billion euros in state aid; ministers described his plans as being "interesting"

As Sergio Marchionne was preparing to fly to Germany this morning to push his case for a Fiat-Opel merger the Fiat board was meeting to review the alliance that was reached with Chrysler and to offer full backing the proposed Opel plans

Fiat CEO Sergio Marchionne is in Germany today outlining ambitious plans to spin Fiat Group Automobiles out of the Fiat Group and merge it with GM's Vauxhall/Opel division and its 20 percent stake in Chrysler to create a new group

According to Chinese media reports over the weekend Fiat and Guangzhou Auto have reach an agreement for a joint venture in the Research & Development of compact cars with the plans now set to be presented for government approval

Chrysler Vice Chairman and President, Tom LaSorda, who is responsible for Manufacturing, Procurement and Supply, Employee Relations, Global Business Development and Alliances is to retire from the Company with immediate effect

With Fiat having closed the alliance with Chrysler last last week the attention of Fiat CEO Sergio Marchionne has turned to GM's Opel division and in his push to strike a second deal he will meet German government ministers tomorrow

The U.S. Bankruptcy Court has granted the relief that Chrysler requested in a series of court filings known as "First-day motions" which will now help the company continue to operate its business during the reorganisation proceedings

Chrysler made statement to quell the media reports that name eight factories that are to be closed when its assets are transferred to the new entity with speculation raging ever since it announced the restructuring would see disposals

The Canadian Auto Workers union is optimistic that the restructuring decisions regarding Chrysler represent the beginning of a brighter future and have committed that the deal will remain intact through the bankruptcy protection process

The news of the U.S. government's full support for the Fiat Chrysler alliance to be enacted was broken by President Obama who said in a televised address that "Chrysler and Fiat have formed a partnership that has a strong chance of success"

As a result of the sacrifices by key stakeholders and a substantial commitment government resources, Chrysler has an opportunity to thrive as a long-term viable 21st century company, says the U.S. Treasury Department in a statement