Cars
Two years ago, Chrysler was saved from oblivion when the federal government provided a $15 billion bailout and orchestrated a rescue plan that gave the Fiat Group the management control of the company.
- Chrysler Saves The Quarter For Fiat Group With The Alliance Posting A $440 Million Profit
When the Fiat Group stepped in to acquire the Chrysler Group LLC back in 2009 after the Detroit carmaker emerged from a government backed Chapter 11 reorganization, the Italians were supposed to be the ones doing the saving. Enter the present day and...
- Change Of Plans For Chrysler Group, Will Eliminate Duplicate Models, Hints At U.s. Market Delta
The product plan brewing continues over at the Fiat Group – Chrysler LLC alliance. Following the recent news on the Jeep and Alfa Romeo brands, the group's CEO Sergio Marchionne offered new details on Chrysler LLC's strategy. In an interview...
- 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 Reports Net Profits For The First Time Since Emerging From Bankruptcy
On Monday, the Chrysler Group LLC reported its first quarter gains since exiting bankruptcy almost two years ago in June 2009. The Auburn Hills-based automaker, which is now operated by Fiat S.p.A., said net income totaled $116 million in the first quarter...
- 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...
Cars
Shocker! Chrysler Bringing Home More Bacon than Fiat...
Two years ago, Chrysler was saved from oblivion when the federal government provided a $15 billion bailout and orchestrated a rescue plan that gave the Fiat Group the management control of the company.
Last week, the Italian automaker raised its share in Chrysler beyond 50% for the first time, to 53.5%.So Fiat saved Chrysler in 2009, right? Well, yes, but 2011 is another story altogether.
You see, Chrysler’s US sales increased by 21% in the first six months of the year, whereas Fiat’s European deliveries dropped 12.7% in the same period. But that's only half the story. With the exception of the Maserati and Ferrari brands, the Chrysler Group will contribute to the alliance €155 million for June alone, while Fiat €175 million for the past three months.
Read more »- Chrysler Saves The Quarter For Fiat Group With The Alliance Posting A $440 Million Profit
When the Fiat Group stepped in to acquire the Chrysler Group LLC back in 2009 after the Detroit carmaker emerged from a government backed Chapter 11 reorganization, the Italians were supposed to be the ones doing the saving. Enter the present day and...
- Change Of Plans For Chrysler Group, Will Eliminate Duplicate Models, Hints At U.s. Market Delta
The product plan brewing continues over at the Fiat Group – Chrysler LLC alliance. Following the recent news on the Jeep and Alfa Romeo brands, the group's CEO Sergio Marchionne offered new details on Chrysler LLC's strategy. In an interview...
- 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 Reports Net Profits For The First Time Since Emerging From Bankruptcy
On Monday, the Chrysler Group LLC reported its first quarter gains since exiting bankruptcy almost two years ago in June 2009. The Auburn Hills-based automaker, which is now operated by Fiat S.p.A., said net income totaled $116 million in the first quarter...
- 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...