Fiat SpA is pushing ahead with plans to get 51 percent of U.S. No.3 carmaker Chrysler, a goal that boss Sergio Marchionne defined on Wednesday as “happiness” for the Italian car maker. Get the full story »
Automotive News | Speaking at an auto industry conference in San Francisco, Chrysler and Fiat CEO Sergio Marchionne said Friday that the two companies could merge as a U.S.-based automaker after a Chrysler IPO.
Fiat has made fast progress toward clearing a second benchmark in restructuring Chrysler that could take its ownership in the U.S. automaker to 30 percent. Get the full story »
Maserati will get its own SUV model next year, built on the platform of Jeep Grand Cherokee at the Chrysler Group plant in Detroit, the companies announced Tuesday.
Sergio Marchionne, the CEO of Jeep parent Chrysler Group and Maserati parent Fiat, said that the new vehicle will debut in 2012 and that it will contain an engine designed by another Fiat unit, Ferrari. Get the full story »
Italy’s Fiat lifted its stake in Chrysler to 25 percent Monday as Chief Executive Sergio Marchionne prepares for an upcoming round of meetings with bankers to refinance Chrysler’s debt and to ready an initial public offering of shares. Get the full story »
Fiat and Chrysler CEO Sergio Marchionne says he wants to pay back the loans Chrysler got from the U.S. and Canadian governments this year if he can.
Marchionne said Friday that he remains committed to that in remarks to reporters while at a Chrysler plant in Brampton, Ontario, where he met with employees to celebrate the production launch of the redesigned 2011 Chrysler 300, Dodge Charger and Dodge Challenger. Get the full story »
Fiat and Chrysler CEO Sergio Marchionne on Friday proposed a joint venture with Chrysler LLC to build Alfa Romeo and Jeep brand vehicles at Turin’s Mirafiori auto plant.
Chrysler Group LLC will invest $600 million in its Belvidere assembly plant to build new cars starting in 2012, the company announced Thursday.
The investment won’t create any new jobs, but the company said it will retain the 2,349 jobs at the plant and a nearby parts stamping plant. Get the full story »
In his largest dealer meeting since taking the reins at Chrysler, Chief Executive Sergio Marchionne on Tuesday showed off 15 new or revamped cars and trucks, including a replacement for the poor-selling midsize Sebring.
The company unveiled the models, including updates of the Chrysler Town & Country and Jeep Patriot, at a closed-door meeting with 2,400 dealers who gathered in Orlando, Fla.
Marchionne, who is also the head of Fiat, prefers to keep new cars under wraps until close to launch. But Chrysler dealers have struggled as they waited new vehicles under its new management.
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Chrysler on Monday told 400 dealers about its plans to bring the Fiat brand back to the U.S. after a 30-year absence, starting with the Fiat 500 minicar later this year.
Fiat-run Chrysler Group LLC hopes the tiny Italian car can boost its lackluster sales when it comes to the U.S. in December. Chrysler wants the bulb-shaped 500 to become a strong contender in the small-car market, where it has struggled for years. Get the full story »