Cars
In 2000, General Motors and Fiat formed an alliance in which the American company gained 20 percent of the Italian manufacturer’s shares in exchange for 5.1 percent of its own stock. Among other projects, the two companies jointly developed the Gamma platform for B-segment cars that underpinned the 2005 Fiat Punto and the 2007 Opel Corsa.
- U.s. Fiat Dealers Disappointed By New Decision To Delay Alfa Romeo's Return
American fans of the Alfa Romeo brand are not the only ones to be upset by the Fiat-Chrysler alliance's most recent decision to delay the scheduled return of the Italian automaker to the States. So are the company’s newly launched Fiat dealerships...
- 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 Still Keen On Moving Headquarters From Italy To The Usa, Or So It Claims
In February, at an industry conference, Fiat SpA and Chrysler LLC Chief Executive Officer Sergio Marchionne suggested that that the Italian automaker could eventually merge with its Detroit counterpart and move its corporate headquarters from Turin,...
- Report: Fiat Group May Raise Its Chrysler Stake From 20% To 51%
Italian carmaker Fiat may increase its stake in the Chrysler LLC group from 20 per cent it owns today to 51 per cent before an initial public offering (IPO) by the U.S. automaker, the firm's chief executive officer, Sergio Marchionne, told reporters...
- Fiat Rumored To Be Interested In Buying A Majority Stake In Opel
Not long ago, the Fiat Group was partially in the arms of General Motors and in deep financial woes with many analysts then questioning the automaker's future. Now, the Italians have emerged as an automotive powerhouse that's not only fighting...
Cars
Fiat-Chrysler "Willing" to Form an Alliance with Opel, GM Says it's Not Interested
In 2000, General Motors and Fiat formed an alliance in which the American company gained 20 percent of the Italian manufacturer’s shares in exchange for 5.1 percent of its own stock. Among other projects, the two companies jointly developed the Gamma platform for B-segment cars that underpinned the 2005 Fiat Punto and the 2007 Opel Corsa.
Fiat’s partnership with GM was short-lived though, and was eventually dissolved – but not before the Italians got US$2 billion dollars as part of the original agreement.
Well, we don’t know how to say “if at first you don’t succeed, try again†in Italian, but Sergio Marchionne surely does – and despite the earlier failure, commented during the Detroit Motor Show that Fiat and Chrysler would be “willing participants†if General Motors wanted to discuss Opel tying up with another manufacturer.
- U.s. Fiat Dealers Disappointed By New Decision To Delay Alfa Romeo's Return
American fans of the Alfa Romeo brand are not the only ones to be upset by the Fiat-Chrysler alliance's most recent decision to delay the scheduled return of the Italian automaker to the States. So are the company’s newly launched Fiat dealerships...
- 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 Still Keen On Moving Headquarters From Italy To The Usa, Or So It Claims
In February, at an industry conference, Fiat SpA and Chrysler LLC Chief Executive Officer Sergio Marchionne suggested that that the Italian automaker could eventually merge with its Detroit counterpart and move its corporate headquarters from Turin,...
- Report: Fiat Group May Raise Its Chrysler Stake From 20% To 51%
Italian carmaker Fiat may increase its stake in the Chrysler LLC group from 20 per cent it owns today to 51 per cent before an initial public offering (IPO) by the U.S. automaker, the firm's chief executive officer, Sergio Marchionne, told reporters...
- Fiat Rumored To Be Interested In Buying A Majority Stake In Opel
Not long ago, the Fiat Group was partially in the arms of General Motors and in deep financial woes with many analysts then questioning the automaker's future. Now, the Italians have emerged as an automotive powerhouse that's not only fighting...