Cars
The rumors were true this time: on January 1, 2014, Fiat announced an agreement with the VEBA Trust (The Voluntary Employees’ Beneficiary Association), under which its wholly owned subsidiary, Fiat North America LLC, will acquire the VEBA Trust’s 41.4616% of Chrysler Group shares that is doesn’t currently hold. Read more »
- Fiat Chrysler Automobiles Is Born And This Is Their Logo
Sergio Marchionne’s dream has finally come true: the board of directors of Fiat S.p.A. today approved the formation of Fiat Chrysler Automobiles (FCA) as a fully-integrated global automaker. Following Fiat’s full acquisition of Chrysler,...
- 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...
- Fiat Close To Raising Enough Cash To Buy Chrysler, Report Says
Fiat could raise necessary cash in May that would allow it to buy the 41.5 percent of Chrysler shares it doesn’t own yet. According to two unnamed sources quoted by Reuters, the Italian carmaker is in advanced talks with banks on financing to...
- 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...
- Gm & Uaw Reach Historic Deal, Stike Ends
General Motors and the United Auto Workers (UAW) have announced that they’ve reached a contract agreement, ending a two day nationwide strike, a first for GM since 1970 which saw 73,000 workers halt all operations (click here). According to reports,...
Cars
Fiat Finally Completes Chrysler Acquisition, Will Pay VEBA $4.35 Billion for 41.5 Percent Stake
The rumors were true this time: on January 1, 2014, Fiat announced an agreement with the VEBA Trust (The Voluntary Employees’ Beneficiary Association), under which its wholly owned subsidiary, Fiat North America LLC, will acquire the VEBA Trust’s 41.4616% of Chrysler Group shares that is doesn’t currently hold. Read more »
- Fiat Chrysler Automobiles Is Born And This Is Their Logo
Sergio Marchionne’s dream has finally come true: the board of directors of Fiat S.p.A. today approved the formation of Fiat Chrysler Automobiles (FCA) as a fully-integrated global automaker. Following Fiat’s full acquisition of Chrysler,...
- 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...
- Fiat Close To Raising Enough Cash To Buy Chrysler, Report Says
Fiat could raise necessary cash in May that would allow it to buy the 41.5 percent of Chrysler shares it doesn’t own yet. According to two unnamed sources quoted by Reuters, the Italian carmaker is in advanced talks with banks on financing to...
- 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...
- Gm & Uaw Reach Historic Deal, Stike Ends
General Motors and the United Auto Workers (UAW) have announced that they’ve reached a contract agreement, ending a two day nationwide strike, a first for GM since 1970 which saw 73,000 workers halt all operations (click here). According to reports,...