Fiat
Fiat denies considering idea of HQ transfer to the US
An idea to transfer Fiat SpA’s corporate headquarters from Turin, Italy to the United States after it consummates a planned merger with Chrysler Group is not on the carmaker's agenda. A... Read more about Fiat denies considering idea of HQ transfer to the US
Fiat mulls moving corporate HQ from Italy to the US
Fiat is mulling transferring its corporate headquarters from Turin, Italy to the United States after it consumes its planned merger with Chrysler Group, three people privy with the matter... Read more about Fiat mulls moving corporate HQ from Italy to the US
Fiat dealers in the US want more models to make profit
Fiat dealerships in the U.S. are becoming impatient as no new meeting date has been set after the postponement of two scheduled talks wherein future products, including the Alfa... Read more about Fiat dealers in the US want more models to make profit
Hearing took place April 25 over value of VEBA stake in Chrysler
Both Fiat SpA and the Voluntary Employee Beneficiary Association argued their cases before a Delaware judge during a hearing that could help determine the value of the trust’s remaining... Read more about Hearing took place April 25 over value of VEBA stake in Chrysler
Leaked: Fiat 500XL shows up
An image of the seven-seat Fiat 500XL (a stretched version of the 500L) has recently been leaked. It appears to have been taken inside Fiat’s plant. This model has longer rear... Read more about Leaked: Fiat 500XL shows up
Fiat considers primary listing on NYSE after merger with Chrysler
Fiat SpA may primarily trade its shares in the New York Stock Exchange following a planned merger with Chrysler Group, sources told Bloomberg News. Fiat chief executive Sergio Marchionne... Read more about Fiat considers primary listing on NYSE after merger with Chrysler
Fiat may secure financing for Chrysler stake buyout by May 2013
Fiat SpA could secure financing by May 2013 as it bids to buy out the stake in Chrysler Group it still does not own, two sources privy to the matter told Reuters. The sources disclosed... Read more about Fiat may secure financing for Chrysler stake buyout by May 2013
Fiat builds 1 millionth 500 at its plant in Tychy, Poland
Fiat has reached another production milestone. Its plant in Tychy, Poland, has built one million units of its 500 compact model ever since it made a comeback in 2007. It’s worth noting... Read more about Fiat builds 1 millionth 500 at its plant in Tychy, Poland
Fiat will lose $10,000 for every 500e sold
Fiat CEO Sergio Marchionne claims that for every 500e sold, the company loses $10,000 even after all the subsidies. Marchionne disclosed this at his recent speech in Detroit at the... Read more about Fiat will lose $10,000 for every 500e sold
Fiat to add a second shift to its Maserati plant starting April 29
Fiat Group has informed its unions that a second shift will be added at its Turin site in Italy starting April 29, 2013, a source privy to the carmaker disclosed. Workers at the Turin... Read more about Fiat to add a second shift to its Maserati plant starting April 29
Fiat must continue to grow, Chairman John Elkann says
In response to critics who think that Fiat has become too big, its Chairman John Elkann said that it’s actually “too small” and has to continue to grow. Fiat credits its acquisition of... Read more about Fiat must continue to grow, Chairman John Elkann says
Fiat will need to boost its capital after it completes buyout of Chrysler, CEO says
Fiat CEO Sergio Marchionne gave a warning last Tuesday that its loss-producing operations in Europe will be weakened some more by the drawn-out decline of the region’s auto industry. He... Read more about Fiat will need to boost its capital after it completes buyout of Chrysler, CEO says
Fiat hoping to offset losses in Italy by focusing in Germany
Fiat is offering bigger discounts in Germany compared to other carmakers as it tries to increase its sales in the country. Fiat is seeing Germany as its chance to offset expected losses... Read more about Fiat hoping to offset losses in Italy by focusing in Germany
Fiat, Serbia ink deal to build cheaper version of the 500L for domestic market
A subsidy deal was made between Serbia and Fiat to build a more affordable version of the 500L minicar for the domestic market, according to the Blic newspaper. The report, which cited... Read more about Fiat, Serbia ink deal to build cheaper version of the 500L for domestic market
Fiat engine plant in Poland builds 5 millionth 1.3 MultiJet diesel engine
Fiat Powertrain Technologies Poland’s Bielsko-Biała plant has recently reached a new milestone after rolling out its 5,000,000th 1.3 MultiJet diesel engine. The milestone underscores the... Read more about Fiat engine plant in Poland builds 5 millionth 1.3 MultiJet diesel engine
Fiat aims to improve India sales with launch of 57-dealer network
The Fiat Group will try anew to penetrate the vehicle market in India by opening a new, wholly owned 57-dealer network on April 1, 2013. The Italian carmaker hopes to cut its woeful sales... Read more about Fiat aims to improve India sales with launch of 57-dealer network
Fiat’s Serbian factory expects to deliver 150,000 vehicles in 2013
Six-month orders of the Fiat 500L minivan in the U.S. through February have surpassed the target, according to Antonio Cesare Ferrara, head of Fiat Automobili Srbija. As a result, its... Read more about Fiat’s Serbian factory expects to deliver 150,000 vehicles in 2013
Fiat expects drop in earnings in first quarter of 2013
Fiat expects to post a drop in its earnings in the first quarter of 2013, but confirms its full-year forecast for gains in trading profit, or earnings before interest, taxes and one-time... Read more about Fiat expects drop in earnings in first quarter of 2013
Chrysler Group wants banks to pitch for possible IPO, sources told Reuters
Chrysler Group LLC has asked banks to pitch in April for a mandate to manage a possible initial public offering (IPO), four persons privy with the matter told Reuters. Chrysler is... Read more about Chrysler Group wants banks to pitch for possible IPO, sources told Reuters
Only Fiat dealers that meet targets will get to sell Alfa Romeo 4C in the US
The much-awaited Alfa Romeo 4C will first arrive in Fiat dealerships that have been meeting sales and customer service goals, according to Peter Grady, Chrysler Group vice president for... Read more about Only Fiat dealers that meet targets will get to sell Alfa Romeo 4C in the US
Geneva Auto Show organizers apologize to Fiat for posting fake 500X image
Organizers of the Geneva Auto Show apologized to Fiat after its Web site published a bogus picture of the Italian carmaker’s 500X crossover. The image was eventually taken off the site... Read more about Geneva Auto Show organizers apologize to Fiat for posting fake 500X image
Fiat in talks with banks to strengthen its balance sheet
Fiat S.p.A. is holding talks with banks over financing options with an aim to boost its balance sheet in preparation for its bid to acquire the stake in Chrysler Group LLC stake it... Read more about Fiat in talks with banks to strengthen its balance sheet
Fiat, SRT have almost accomplished their quota of U.S. dealerships
Fiat and SRT, the two boutique brands of Chrysler, have almost accomplished their quota of U.S. dealerships. The two brands have been building up their dealer networks during the past... Read more about Fiat, SRT have almost accomplished their quota of U.S. dealerships
Alfa Romeo expected to outsell Fiat in the United States
As soon Alfa Romeo gets a foothold in the U.S. market and expands to bigger models, it’s likely to outsell Fiat, according to Peter Grady, the head of network development for the Chrysler... Read more about Alfa Romeo expected to outsell Fiat in the United States
Fiat to produce next-generation 500 minicar in Tychy, Poland by 2015
Fiat S.p.A. is planning to focus global production of the next-generation 500 minicar at its Tychy plant in Poland, three sources privy to the matter told Automotive News Europe. The move... Read more about Fiat to produce next-generation 500 minicar in Tychy, Poland by 2015
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