Cars
Fiat announced this week that it has exercised an option to buy another 3.3 percent of U.S. automaker Chrysler, bringing its total amount of shares in the company to 68.49 percent. Including this latest purchase, Fiat has exercised three of its six-monthly options.
- 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,...
- 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...
- Chrysler Group To Repay $7.5 Billion Of Government Loans By The End Of June
In order to pave the way for Fiat to reach 51 percent ownership of the Chrysler Group, the Auburn Hills-based automaker announced today that it intends to repay in full the loans provided by the U.S. and Canadian governments back in 2009 ($7.53 billion...
- Fiat Spa Could Raise Chrysler Ownership To 46 Percent As Early As June
Only two days ago, Fiat SpA announced that it had obtained an additional 5 percent of Chrysler increasing its stake to 30 percent. Now it seems that the Italian group's plans are to raise Chrysler ownership to 46 percent by June of this year, according...
- 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...
Cars
Fiat Increases Its Chrysler Stake to 68.49 Percent
Fiat announced this week that it has exercised an option to buy another 3.3 percent of U.S. automaker Chrysler, bringing its total amount of shares in the company to 68.49 percent. Including this latest purchase, Fiat has exercised three of its six-monthly options.
The transaction is part of CEO Sergio Marchionne’s step-by-step purchases that are aimed at taking full control of Chrysler and creating a merged company in order to compete better with industry giants such as Toyota, GM and VW. Fiat also wants full control of Chrysler, as this would give it access to some of the latter's cash flow for investments in new models.
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,...
- 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...
- Chrysler Group To Repay $7.5 Billion Of Government Loans By The End Of June
In order to pave the way for Fiat to reach 51 percent ownership of the Chrysler Group, the Auburn Hills-based automaker announced today that it intends to repay in full the loans provided by the U.S. and Canadian governments back in 2009 ($7.53 billion...
- Fiat Spa Could Raise Chrysler Ownership To 46 Percent As Early As June
Only two days ago, Fiat SpA announced that it had obtained an additional 5 percent of Chrysler increasing its stake to 30 percent. Now it seems that the Italian group's plans are to raise Chrysler ownership to 46 percent by June of this year, according...
- 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...