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 »
Inside these posts: Sergio Marchionne
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Fiat to pay $1.5 billion stake of Chrysler: Sources
Italy’s Fiat SpA is looking to pay around $1.5 billion for an additional 16 percent in Chrysler, which it hopes to purchase in the coming months, three sources familiar with the matter said. Get the full story »
Chrysler takes first step toward IPO
Chrysler Group LLC has taken the first step to re-enter the U.S. capital markets through filings with the U.S. Securities and Exchange Commission, the automaker’s boss Sergio Marchionne said Tuesday. Get the full story »
GM, Chrysler salaried workers to get bonuses
Most of the 26,000 white-collar workers at General Motors Co. will get performance bonuses of 4 to 16 percent of their base salaries this year, but payments to a small number could be 50 percent or more, the company confirmed late Thursday.
Chrysler Group LLC also will give bonuses to its white-collar staff, with payments expected on Friday. Both companies needed government bailouts in 2008 and 2009 to stay in business and make it through bankruptcy protection. Get the full story »
Marchionne: Chrysler/Fiat merger possible
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.
Marchionne turns to revamping Chrysler minivans
Chrysler Group LLC Chief Sergio Marchionne said he wants to “re-think” the automaker’s iconic minivan and introduce a new concept as early as 2013.
Fiat raises Chrysler stake, readies for IPO
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 »
Marchionne wants to repay Chrysler loans this year
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 »
Chrysler introduces new 200, Avenger sedans
Chrysler is kicking off production of the Chrysler 200 and Dodge Avenger sedans, two revamped cars that are critical to the automaker’s future. Get the full story »
Fiat proposes Chrysler joint venture at Turin plant
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.
Sebring out as Chrysler shows dealers new car
The grille of the 2011 Chrysler 200, the replacement for the Sebring.
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.
Get the full story »
Chrysler to add jobs, extend life of sedan plant
Chrysler Group LLC said Friday that it will add nearly 900 jobs at a factory in suburban Detroit and spare it from closure. The decision is a show of optimism that consumers will embrace the company’s refurbished midsize sedans.
The jobs will staff a second shift at Chrysler’s assembly plant in Sterling Heights, Mich., just north of Detroit, which makes the slow-selling Dodge Avenger and Chrysler Sebring midsize sedans. Get the full story »
