Cars
Fiat is negotiating with a series of banks to borrow as much as $10 billion to buy the Chrysler Group stake it doesn’t own and refinance both automakers’ debt at lower rates.
- Fiat Reportedly Considering Moving Hq To The U.s. Following Chrysler Merger
Fiat is considering moving its corporate headquarters to the United States following a planned merger with Chrysler Group, acording to a report from Bloomberg, which cites three people familiar with the matter. The report says Fiat and Chrysler CEO...
- Chrysler Group To Repay $7.5 Billion Of Government Loans By The End Of June
In order to pave the way for Fiat to reach 51 percent ownership of the Chrysler Group, the Auburn Hills-based automaker announced today that it intends to repay in full the loans provided by the U.S. and Canadian governments back in 2009 ($7.53 billion...
- Fiat Spa Could Raise Chrysler Ownership To 46 Percent As Early As June
Only two days ago, Fiat SpA announced that it had obtained an additional 5 percent of Chrysler increasing its stake to 30 percent. Now it seems that the Italian group's plans are to raise Chrysler ownership to 46 percent by June of this year, according...
- Report: Fiat To Raise Chrysler Stake To 30 Percent Within The Next Few Weeks
Fiat SpA is planning to increase its Chrysler LLC Group stake to 30 percent in the next few weeks, according to insider sources quoted by Bloomberg news. The Italian company, which currently holds a 25 percent stake in Chrysler, will get an additional...
- Fiat Announces 21% Drop In Pre-tax Profits For 2008, Foresees 20% Less Sales In 2009
Two days after announcing its plans to acquire a 35 percent stake in Chrysler LLC, Fiat S.p.A. released the group's 2008 calendar year results and at the same time, revealed its gloomy outlook for 2009. The Fiat Group's total revenues for 2008...
Cars
Fiat Reportedly Raising $10 Billion to Buy Remaining Chrysler Stake and Refinance Debt
Fiat is negotiating with a series of banks to borrow as much as $10 billion to buy the Chrysler Group stake it doesn’t own and refinance both automakers’ debt at lower rates.
According to a report from Bloomberg, which cited people familiar with the matter, Fiat wants to buy the 41.5 percent of Chrysler held by the United Auto Workers’ retiree health-care trust with money borrowed from banks including Bank of America, Deutsche Bank, Goldman Sachs and BNP Paribas.
Read more »- Fiat Reportedly Considering Moving Hq To The U.s. Following Chrysler Merger
Fiat is considering moving its corporate headquarters to the United States following a planned merger with Chrysler Group, acording to a report from Bloomberg, which cites three people familiar with the matter. The report says Fiat and Chrysler CEO...
- Chrysler Group To Repay $7.5 Billion Of Government Loans By The End Of June
In order to pave the way for Fiat to reach 51 percent ownership of the Chrysler Group, the Auburn Hills-based automaker announced today that it intends to repay in full the loans provided by the U.S. and Canadian governments back in 2009 ($7.53 billion...
- Fiat Spa Could Raise Chrysler Ownership To 46 Percent As Early As June
Only two days ago, Fiat SpA announced that it had obtained an additional 5 percent of Chrysler increasing its stake to 30 percent. Now it seems that the Italian group's plans are to raise Chrysler ownership to 46 percent by June of this year, according...
- Report: Fiat To Raise Chrysler Stake To 30 Percent Within The Next Few Weeks
Fiat SpA is planning to increase its Chrysler LLC Group stake to 30 percent in the next few weeks, according to insider sources quoted by Bloomberg news. The Italian company, which currently holds a 25 percent stake in Chrysler, will get an additional...
- Fiat Announces 21% Drop In Pre-tax Profits For 2008, Foresees 20% Less Sales In 2009
Two days after announcing its plans to acquire a 35 percent stake in Chrysler LLC, Fiat S.p.A. released the group's 2008 calendar year results and at the same time, revealed its gloomy outlook for 2009. The Fiat Group's total revenues for 2008...