Cars
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 at the Milan stock exchange today after the first listing of Fiat Industrial, which includes the group's non-automotive related assets.
- 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...
- 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,...
- Marchionne Appears To Like The Idea Of A Three-way Alliance Between Fiat, Chrysler And Psa Citroen-peugeot
Sergio Marchionne, head of the Fiat and Chrysler groups is predicting that the next major merger in the automotive industry will involve France's largest automaker, the PSA Peugeot-Citroen Group. "The next merger will probably be French,"...
- Fiat Groups Together Alfa Romeo, Maserati And Abarth By Appointing Common Ceo
Italy's Fiat Group, which recently bought a 20 per cent stake in Chrysler, is continuing to shake up its executive and business structure. Today, the company's boss, Sergio Marchionne revealed plans to create a new group for the sporty Alfa Romeo,...
- 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
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 at the Milan stock exchange today after the first listing of Fiat Industrial, which includes the group's non-automotive related assets.
“I think it is possible, don’t know whether it is likely, but it is possible that we go over the 50 percent if Chrysler decides to go to the market in 2011,†said Mr. Marchionne. "There will be an advantage if that happens."
Read more »- 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...
- 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,...
- Marchionne Appears To Like The Idea Of A Three-way Alliance Between Fiat, Chrysler And Psa Citroen-peugeot
Sergio Marchionne, head of the Fiat and Chrysler groups is predicting that the next major merger in the automotive industry will involve France's largest automaker, the PSA Peugeot-Citroen Group. "The next merger will probably be French,"...
- Fiat Groups Together Alfa Romeo, Maserati And Abarth By Appointing Common Ceo
Italy's Fiat Group, which recently bought a 20 per cent stake in Chrysler, is continuing to shake up its executive and business structure. Today, the company's boss, Sergio Marchionne revealed plans to create a new group for the sporty Alfa Romeo,...
- 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...