Chrysler's bitterly fought plan to jettison a quarter of its North American dealership network has been given the green light by New York Bankruptcy Court that has been processing that failed automaker's Chapter 11 restructuring procedure

The completion of the purchase of the best assets of Chrysler into a new entity that will be driven by Fiat is set to be completed this morning after the Supreme Court gave the go-ahead having rejected a request for a hearing by objectors

Fiat's deal with Chrysler has been delayed further after the U.S. Supreme Court stated yesterday that it will look into the petition by the objectors led by a group of Indiana state funds that are trying to halt the sale of the failed carmaker's assets

A Fiat Siena HLX has become the 250,000 car to roll off the production lines of Fiat's Industrial Complex Ferreyra at Córdoba, Argentina, just over a year after the plant which was mothballed in the first half of the decade resumed production

The group of Indiana state pension funds have appealed to the U.S. Supreme Court after the Appeal Court refused to rule in their favour meaning that the legal fight to halt the sale of Chrysler's assets has reached the highest court in the land

Fiat Group Automobiles' strong sales across key European new car markets has continued into France where all three of its brands posted significant year-on-year increases during May and comfortably outperforming a rising market

Fiat and Alfa Romeo both posted huge year-on-year gains in new car registrations in Germany last month, to finish May up 101.9 and 134.2 percent respectively as they took maximum advantage of the temporary 'scrappage' scheme

Just days after the German government named Magna International as its preferred bidder for Opel comes spreading belief in the media that the Italian carmaker could be back in the frame if the Austro-Canadian firm cannot reach an agreement

News has emerged that the planned joint venture between Fiat and Guangzhou Auto, which is now in the process getting Chinese government approval, is set to be located in the factories of Changfeng which is merging with Guangzhou Auto

Jim Press, Chrysler Vice Chairman and President, was called to testify before the United States Senate regarding Chrysler's dealer network as a bankruptcy court prepares to decide whether the closing down of 789 dealers can go ahead

The sale of Chrysler's assets has been halted by a U.S. federal appeals court which has agreed to hear an appeal by a group of Indiana funds that have been battling against the bankruptcy court's decision as they believe the sale is illegal

Fiat Automóveis is this week celebrating the milestone of the production of vehicle number 10,000,000 at its Betim factory in the Minas Gerais region of Brazil which comes just over three decades after the plant churned out its first car

President Obama said that "after taking a number of painful steps, and moving through a quick, efficient bankruptcy process, a new, stronger Chrysler is poised to complete its alliance" and will it "emerge from bankruptcy in the next few days"

Fiat's ambitious proposals to take over Opel seem to have finally come to an end with the news that a Memorandum of Understanding has been signed with Magna International and with the German government agreeing to a bridging loan

Fiat saw its new passenger vehicle registrations in Italy contract by 3.54 percent year-on-year during May however the Italian carmaker comfortably outperformed the overall market to raise its share of all sales from 32.63 to 34.44 percent

Chrysler LLC today announced that the U.S. Bankruptcy Court, Southern District of New York, has approved its request to sell substantially all of its operations to Chrysler Group LLC, the new company formed in alliance with Fiat SpA

The sale of Chrysler's assets to a new company includes Fiat will happen on Monday after expectations that it would be resolved late last week were dampened after many of the objections were not dealt with before the weekend loomed

Fiat's hopes to take control of Opel seemed to be coming to an end last night as word emerged from the talks in Berlin that the German government and the Russian-backed Magna International had reached an agreement for a takeover

The German government's efforts to find a buyer for Opel were thrown into turmoil this morning when Fiat announced that it wouldn't attend today's crunch meeting in Berlin as it unhappy with the financial demands that are being made

The German government under the leadership of Chancellor Angela Merkel will meet with representatives of Fiat and Magna in Berlin today in another attempt to thrash out Opel's future after the last round of talks ended in failure two days ago

The Bankruptcy Court currently deciding the fate of Chrysler is expected to approve the sale of  its "good" assets into a "New Chrysler" that will have Fiat as a 20 percent shareholder after the hearing of more than 300 objections is completed

Last night's marathon German government meeting to thrash out Opel's future was turned upside down when the GM threw in a last minute demand for an extra 300 million euros in financing on top of the agreed 1.5 billion euros bridge loan

Experienced industry veteran Mark McNabb has jumped ship from General Motors where he was responsible for the prestige Cadillac, Hummer and Saab brands for the last thirteen months to become the new CEO of Maserati North America

While all attention is being focused on Fiat's efforts to acquire Opel, it was confirmed by Swedish government minister yesterday that the Italian carmaker remains one of the bidders fighting to take over GM Europe's niche Saab brand

Reports overnight say that a crunch meeting of the German cabinet last night handed Fiat and Magna 'preferred bidder' status and these two companies will now be able to examine Opel's books in detail and make revisions to their bids