27.05.2009 |
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With Opel
formally completing its legal separation from GM today it
being reported that a decision on a bidder won't be made at
this evening's crunch meeting in Berlin as the German
government is still unhappy with the offers submitted
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27.05.2009 |
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With the German
government set to hold a key meeting on Opel's future this
evening,
Fiat CEO Sergio
Marchionne has said that
he has reduced his
demands for state aid in
the event of a takeover by 1 billions euros to 6 billion euros
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27.05.2009 |
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Fiat has chopped
the amount of state loans it is looking for as frantic final
negotiations go on with Opel's suitors hectically revising
their plans to try to impress the German government in what
has rapidly turned into a high powered 'beauty contest'
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26.05.2009 |
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The German
government has held talks today with Fiat CEO Sergio
Marchionne over Opel's future with all parties describing
them as constructive and more negotiations are set to follow
tomorrow as the hours tick down to a bidder being chosen
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26.05.2009 |
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With
a decision on Opel
expected to be announced early as tomorrow Fiat CEO Sergio
Marchionne and Vice-Chairman John Elkann will
meet Chancellor Angela Merkel and the Economy
Minister Karl-Theodor zu Guttenberg in Berlin
today
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26.05.2009 |
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If Fiat's
automobile manufacturing activities are spun out of the Fiat
Group and merged with Opel, the Agnelli family's stake may
not necessarily be diluted according to Gianluigi Gabetti,
the chairman of family holding Giovanni Agnelli & Co
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25.05.2009 |
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Talks are continuing between the German
government and the three bidders for Opel -
Fiat, Magna, reportedly the favoured investor, and RHJ
- with negotiations between the former two being most
intense due to the complexity of their bids
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24.05.2009 |
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German Economy
Minister Karl-Theodor zu Guttenberg has expressed himself to
be unswayed by the merits of the three bids lodged for Opel
Wednesday despite Fiat's unexpected submission of a revised
offer at the end of the week
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23.05.2009 |
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With the bids
already in for GM Europe's Opel/Vauxhall division, Fiat has
dramatically submitted an improved offer today and it is now
being reported that the other two interested parties, Magna
and RHJ, are also preparing to up their bids
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23.05.2009 |
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With its bid
submitted for Opel on Wednesday, Fiat is trying to dampen
media reports that around 18,000 redundancies would come
with a merger between the two carmakers, instead saying that
the job losses will be much lower
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22.05.2009 |
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With GM Europe
confirming that it has received three bids for its
manufacturing operations, Fiat has announced that it has
retained three financial leading institutions to guide any
Fiat-Opel merger towards a European stockmarket listing
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21.05.2009 |
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More
than six months of talks between Fiat and
ambitious Chinese carmaker Guangzhou Auto have
resulted in an agreement to form a passenger car manufacturing
joint venture with an investment of 4.27 billion yuan (US$625.7 million)
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21.05.2009 |
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Chrysler LLC has announced that C.
Robert Kidder, former Chairman of Duracell International and
Borden Chemical, will succeed Bob Nardelli and become
Chairman of Chrysler Group LLC, once it completes a global
alliance with Fiat
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20.05.2009 |
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Fiat Group has
this evening announced that it has met a German government
deadline of today and submitted a proposal to merge GM
Europe's Opel and Vauxhall with Fiat's own car manufacturing
operations and its stake in Chrysler
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20.05.2009 |
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After Fiat CEO Sergio Marchionne
met with Opel's IG Metall union yesterday, it has
been revealed that Fiat won't be injecting any
of its own capital into Opel if a deal is agreed and
instead the restructuring will be reliant on government state aid
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19.05.2009 |
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With Fiat's plan
for an Opel merger expected to be submitted to the German
government tomorrow and as concern continues to grow for the
future of the Lancia brand, Fiat CEO Sergio Marchionne has
met with GM Europe' top executives
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18.05.2009 |
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Grand
Falls, Michigan-based specialist automotive die manufacturer
MBTech Autodie is set to complete an unexpected return to
the Fiat fold just three years after the Italian carmaker
sold the unit to Mercedes-Benz' MBTech division
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16.05.2009 |
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Fiat
CEO Sergio Marchionne has confirmed that Fiat will submit a
detailed plan for a merger with GM Europe's Opel/Vauxhall
division by the German government's deadline of next
Wednesday (May 20) imposed for bids to be detailed
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16.05.2009 |
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Following meetings this week in Frankfurt with
their counterparts from Opel, workers from Fiat's Italian
unions will travel to Turin today to demand answers as fears
grow over job losses that could result from the merger
between the two carmakers
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15.05.2009 |
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Chrysler has
announced that it will begin the process of assuming and
assigning the overwhelming majority of the company’s
supplier contracts to the new company established in a
global alliance with Fiat once a sale is complete
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14.05.2009 |
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Fiat
was the best performer in Europe of the big groups during
April to increase its share of the market to 9.7 pct and
consolidate it's fourth place overall; with registrations up
4.7 pct it was the only one with a positive year-on-year
performance
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14.05.2009 |
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Chrysler
LLC has applied to the bankruptcy court to shed 789 of its
2,392 Chrysler, Jeep or Dodge dealerships before the
alliance with Fiat is completed with these underperformers
accounting for just 14 percent of its total sales
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13.05.2009 |
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Fiat Group
Chairman Luca di Montezemolo has said that Fiat will
continue to have its roots in Italy as the unions
representing Fiat and Opel workers' prepare to meet in
Frankfurt today to discuss the proposed merger and its
impact on jobs
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13.05.2009 |
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As Fiat
Automóveis reaffirms its position as the biggest selling
brand in Brazil during April and cements its leadership for
the first four months, the Siena has conquered the segment
reserved for four door saloon cars for the first time
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12.05.2009 |
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With opposition
to the proposed Fiat-Opel merger growing the carmakers'
Italian and German unions are set to meet on Wednesday while
the German government is now expected to decide on a
strategy for Opel's future this month
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