Cars
Fiat Says Chrysler IPO Won’t Happen This Year
This week, Fiat announced that a Chrysler share sale in 2013 is no longer feasible. The Italian carmaker that holds a majority stake in Chrysler issued a statement saying the U.S. automaker will continue to work on the IPO (initial public offering), which may happen in the first quarter next year. Read more »
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Fiat Spa Boosts Chrysler Llc Stake To 30 Percent
Fiat’s merger with the Chrysler Group seems to be going well as the Italian company increased its overall stake in the Detroit automaker from 25 to 30 percent on Tuesday. “The increase is the result of the Company’s achievement of...
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Marchionne: Fiat And Chrysler Could Merge Into A Single Entity In A Few Years
Speaking at the J.D. Power and Associates International Automotive Roundtable, Fiat and Chrysler CEO Sergio Marchionne today told reporters that the two companies could merge into a single entity based in the U.S. in the near future. Until then, Chrysler...
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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...
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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...
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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...
Cars