Cars
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 to an Automotive News report. The news site quotes two unnamed insiders with direct knowledge of the matter who talked about Fiat CEO Sergio Marchionne's plans.
- 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...
- Chrysler Group Reports Best April Sales Since 2008 With A 20 Percent Increase Over Last Year
The Chrysler Group's U.S. sales in April grew 20 percent over the same month last year to 141,165 units, making it the company's best April since 2008, which was before it went into bankruptcy. All four brands of the Chrysler Group posted sales...
- 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 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...
Cars
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 to an Automotive News report. The news site quotes two unnamed insiders with direct knowledge of the matter who talked about Fiat CEO Sergio Marchionne's plans.
Read more »
- 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...
- Chrysler Group Reports Best April Sales Since 2008 With A 20 Percent Increase Over Last Year
The Chrysler Group's U.S. sales in April grew 20 percent over the same month last year to 141,165 units, making it the company's best April since 2008, which was before it went into bankruptcy. All four brands of the Chrysler Group posted sales...
- 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 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...