Cars
Citing inside sources, Italian newspaper Corriere Della Serra reported Thursday morning that Chrysler LLC and Fiat have signed a deal to forge an alliance. However, according to Automotive News, Fiat later denied this. We've yet to see any official announcement from any of the two involved parties, so we'll keep a close watch on the story throughout the day. Chrysler is a battle with time as the Obama administration is aiming for the company to file for Chapter 11 bankruptcy protection as early as today.
- Fiat Completes Purchase Of Chrysler From U.s. And Canadian Governments, Us Taxpayers Lose $1.3 Billion
The Fiat Group today purchased the remaining Chrysler LLC shares held by the U.S. and Canadian governments. The Italian company acquired a 1.5% fully diluted stake in Chrysler Group LLC from Canada for US$125 million, and a 6% stake from the United States...
- Chrysler - Fiat Deal Finalized After U.s. Supreme Court Clears The Path, Marchionne Appointed New Chrysler Group Ceo
The U.S. Supreme Court has finally cleared the way for the government-backed sale of Chrysler LLC to the Fiat Group. The Supreme Court rejected arguments from three Indiana pension funds and other opponents of the transaction to delay the deal while the...
- Chrysler Llc Names Ex-duracell Chairman C. Robert Kidder As Robert Nardelli's Succesor
Bankrupt U.S. automaker Chrysler LLC today announced that former chief of Borden Chemical and of Duracell International, will be appointed chairman of the new Chrysler once the company exits bankruptcy and completes the alliance with the Fiat Group. Kidder...
- Fiat Denies Reports That It Has Come To An Agreement With Chrysler Unions
The Fiat Group has just issued a statement through the company's official spokeperson rejecting a report from the Italian news agency ANSA claiming that American and Canadian car unions had approved a deal between Chrysler and Fiat. The news agency...
- Breaking News: Fiat Confirms Plan To Take 35% Stake In Chrysler Llc
Confirming earlier reports, the Fiat Group and Chrysler LLC today issued a joint statement revealing that they have signed "a non-binding term sheet to establish a global strategic alliance." Under the agreement, Fiat will take an initial 35% equity interest...
Cars
Chrysler - Fiat Deal Signed, According to Italian Newspaper
Citing inside sources, Italian newspaper Corriere Della Serra reported Thursday morning that Chrysler LLC and Fiat have signed a deal to forge an alliance. However, according to Automotive News, Fiat later denied this. We've yet to see any official announcement from any of the two involved parties, so we'll keep a close watch on the story throughout the day. Chrysler is a battle with time as the Obama administration is aiming for the company to file for Chapter 11 bankruptcy protection as early as today.Late last night, Chrysler announced that UAW (United Auto Workers) members approved a cost-saving deal.
"We are thankful to the Chrysler UAW members for their support in ratifying this contract, especially during these challenging times," said Tom LaSorda, Vice Chairman and President
in a prepared statement. "This was a necessary step as we move forward in revitalizing this great Company. Today's vote enables us to continue our work to meet the conditions laid out by the U. S. Treasury Department. The entire Chrysler leadership team believes in and appreciates the men and women that make up our great workforce worldwide."
Via: Autoblog.it , Source: Corriere
- Fiat Completes Purchase Of Chrysler From U.s. And Canadian Governments, Us Taxpayers Lose $1.3 Billion
The Fiat Group today purchased the remaining Chrysler LLC shares held by the U.S. and Canadian governments. The Italian company acquired a 1.5% fully diluted stake in Chrysler Group LLC from Canada for US$125 million, and a 6% stake from the United States...
- Chrysler - Fiat Deal Finalized After U.s. Supreme Court Clears The Path, Marchionne Appointed New Chrysler Group Ceo
The U.S. Supreme Court has finally cleared the way for the government-backed sale of Chrysler LLC to the Fiat Group. The Supreme Court rejected arguments from three Indiana pension funds and other opponents of the transaction to delay the deal while the...
- Chrysler Llc Names Ex-duracell Chairman C. Robert Kidder As Robert Nardelli's Succesor
Bankrupt U.S. automaker Chrysler LLC today announced that former chief of Borden Chemical and of Duracell International, will be appointed chairman of the new Chrysler once the company exits bankruptcy and completes the alliance with the Fiat Group. Kidder...
- Fiat Denies Reports That It Has Come To An Agreement With Chrysler Unions
The Fiat Group has just issued a statement through the company's official spokeperson rejecting a report from the Italian news agency ANSA claiming that American and Canadian car unions had approved a deal between Chrysler and Fiat. The news agency...
- Breaking News: Fiat Confirms Plan To Take 35% Stake In Chrysler Llc
Confirming earlier reports, the Fiat Group and Chrysler LLC today issued a joint statement revealing that they have signed "a non-binding term sheet to establish a global strategic alliance." Under the agreement, Fiat will take an initial 35% equity interest...