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FIAT GROUP INDUSTRIAL & FINANCIAL
27.05.2009

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 Click here to read this news story

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27.05.2009

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 Click here to read this news story

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27.05.2009

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' Click here to read this news story

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26.05.2009

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 Click here to read this news story

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26.05.2009

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 Click here to read this news story

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26.05.2009

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 Click here to read this news story

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25.05.2009

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 Click here to read this news story

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24.05.2009

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 Click here to read this news story

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23.05.2009

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 Click here to read this news story

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23.05.2009

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 Click here to read this news story

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22.05.2009

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 Click here to read this news story

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21.05.2009

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) Click here to read this news story

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21.05.2009

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 Click here to read this news story

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20.05.2009

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 Click here to read this news story

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20.05.2009

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 Click here to read this news story

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19.05.2009

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 Click here to read this news story

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18.05.2009

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 Click here to read this news story

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16.05.2009

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 Click here to read this news story

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16.05.2009

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 Click here to read this news story

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15.05.2009

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 Click here to read this news story

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14.05.2009

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 Click here to read this news story

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14.05.2009

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 Click here to read this news story

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13.05.2009

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 Click here to read this news story

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13.05.2009

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 Click here to read this news story

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12.05.2009

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 Click here to read this news story

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