Cars
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 based its report on statements made by FIM-CISL Italian union leader, Bruno Vitali who told ANSA that the deal was ''90% ready'' and might even be announced by Fiat CEO Sergio Marchionne later Wednesday. Fiat said that no agreement has been concluded by the two parties and that the talks remain "completely open".
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- Chrysler - Fiat Deal Finalized After U.s. Supreme Court Clears The Path, Marchionne Appointed New Chrysler Group Ceo
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- Daimler Agrees To Give Up Its 19.9% Stake In Chrysler
Mercedes-Benz's parent company Daimler has reached an agreement with Cerberus to let go of its remaining 19.9% stake in Chrysler LLC and write off a $1.5 billion loan that went to the American automaker in 2007. The new agreement will help Chrysler...
- Chrysler And Fiat Reach An Agreement With Canadian Auto Workers
A tentative agreement between Chrysler LLC, the Fiat Group and the Canadian Auto Workers (CAW) on a new labor contract intended to cut costs by CD$240 million per year was reached late Friday night. Though far from complete, the new deal with CAW helps...
- Report: Fiat 500, Alfa Mito And 149 Head To The States, Chrysler To Build Four Models Based On Fiats And Alfas
If the planned deal between Chrysler LLC and Fiat S.p.A is sealed by the end of April, the new American-Italian partnership will see seven new vehicles heading towards North American shores, according to a report from Automotive News that cites inside...
Cars
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 based its report on statements made by FIM-CISL Italian union leader, Bruno Vitali who told ANSA that the deal was ''90% ready'' and might even be announced by Fiat CEO Sergio Marchionne later Wednesday. Fiat said that no agreement has been concluded by the two parties and that the talks remain "completely open".Statement from Fiat spokesperson
"We were surprised by the statement released to ANSA today by the FIM-CISL representative for the automotive sector, Bruno Vitali, in relation to the current negotiations with Chrysler.
No agreement has been concluded between Chrysler and trade unions in the US and Canada and the assertion that the overall agreement has been 90% defined is untrue.
The talks remain completely open and it is not currently possible to predict the timing or the outcome."
Link: ANSA
- The Chrysler Group Takes Over The Fiat Group's Australian Operations
Fiat may have been the one to buy a controlling stake in Chrysler, but it's the American arm of the company that it destined to take over the distribution of Fiat, Alfa Romeo and Fiat Professional vehicles in Australia. In a similar move, Chrysler...
- 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...
- Daimler Agrees To Give Up Its 19.9% Stake In Chrysler
Mercedes-Benz's parent company Daimler has reached an agreement with Cerberus to let go of its remaining 19.9% stake in Chrysler LLC and write off a $1.5 billion loan that went to the American automaker in 2007. The new agreement will help Chrysler...
- Chrysler And Fiat Reach An Agreement With Canadian Auto Workers
A tentative agreement between Chrysler LLC, the Fiat Group and the Canadian Auto Workers (CAW) on a new labor contract intended to cut costs by CD$240 million per year was reached late Friday night. Though far from complete, the new deal with CAW helps...
- Report: Fiat 500, Alfa Mito And 149 Head To The States, Chrysler To Build Four Models Based On Fiats And Alfas
If the planned deal between Chrysler LLC and Fiat S.p.A is sealed by the end of April, the new American-Italian partnership will see seven new vehicles heading towards North American shores, according to a report from Automotive News that cites inside...