Cars
Chrysler Saves the Quarter for Fiat Group with the Alliance Posting a $440 Million Profit
When the Fiat Group stepped in to acquire the Chrysler Group LLC back in 2009 after the Detroit carmaker emerged from a government backed Chapter 11 reorganization, the Italians were supposed to be the ones doing the saving. Enter the present day and it’s the American arm of the group taking over this role as the alliance earned a profit of $440 million or €358 million in the second quarter thanks to Chrysler and not Fiat.
Read more »
-
Shocker! Chrysler Bringing Home More Bacon Than Fiat...
Two years ago, Chrysler was saved from oblivion when the federal government provided a $15 billion bailout and orchestrated a rescue plan that gave the Fiat Group the management control of the company. Last week, the Italian automaker raised its share...
-
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...
-
By The Numbers: Chrysler Llc Vs Fiat Group
So now that the alliance deal between Chrysler LLC and Fiat S.p.A. has been sealed, let's take a quick look at some of the numbers concerning the two companies starting off from sales and their corresponding market shares. In 2008, the Fiat Group...
-
Daimler Posts €1,4 Million Loss In First Quarter Of 2009, Sales Down 34%
Only hours after announcing that it had agreed to unload its remaining 19.9 percent stake in Chrysler LLC, Daimler published its quarterly results which saw the company that owns Mercedes-Benz posting a €1,426 million loss before interest and tax...
-
Bmw Group: Increased Sales & Revenues For Third-quarter
The BMW Group has announced increased sales volume and revenues and earnings figures for the third quarter of 2007. However, despite the improvement in third quarter profits before tax (+6,3%), the group’s overall profit before tax during the first...
Cars