Stories Tagged ‘Fiat’

Chrysler’s Future Plans

By  On August 26, 2009 | Filed Under Auto News

Chrysler’s Future Plans

Chrysler has been preparing for the future to lay under Fiat as the bustling Fiat sets tone for the greater business for US carmakers’ this year. A rather busy blur of activity at the back of Auburn Hills have been creating some storm for the auto industry this year. The restructuring of the late occurring have made automakers to think of long term plans. They were expecting some of these changes since long but then the disclosure turned out to be tumultuous. With the Chrysler Corp there came some really absorbed situations being lead through Germany’s Daimler AG. Chrysler has been sold twice in fact under the hands of various CEOs. So the records to Chrysler have never enough been very clear for long. The employees at Chrysler have had their headquarters at diff...

Fiat Working to Assemble Their 500 in Mexico

By  On August 19, 2009 | Filed Under Auto News

Fiat Working to Assemble Their 500 in Mexico

Fiat is looking forward to build their 500 engines in Michigan but then assemble the parts in their new plant in Mexico. Since the last couple of years some really interesting and good looking Italian lines have been unavailable in the US market.There was the presence of Alfa Romeo Milano or a broken Fiat Strada but then one would have to be brave enough to bring about more of these cars with the current market situation. Most of the Italian cars that were available were second rated used cars. Usually most of the Italian made cars were high in price presenting a piece of sorry news in the stringent situation of the budget. However for those who are obsessed with Italian makes there is some great news coming from Fiat. The Fiat 500 will be available in an affordable pa...

‘New’ Chrysler Emerges as Alliance with Fiat Sealed

This Wednesday saw the most important events of the automobile industry when Fiat successfully completed the deal to buy the best assets of the Chrysler which had been forced to file a chapter 11 bankruptcy earlier in April. Both the firms announced the deal was successfully over and the alliance is sealed to be led by the CEO of Fiat, Sergio Marchionne. This completion marked the end of a six-week bankruptcy period and also has marked the beginning of a new life by seeing the weeding of two big icons in the industry. The new company will be named the Chrysler Group LLC. When it comes to the benefits, Fiat will get a stake of 20% initially and may get upto 35% if some of its benchmarks are met. Chrysler in turn will learn more by acquiring more knowledge from the Italian fi...

BREAKING: Supreme Court Stays Sales of Chrysler to Fiat

The sale of the Chrysler to Fiat has been hindered by the Supreme Court stay. Earlier three Indiana state pension funds had filed a lawsuit in New York because they got 45$ million holding in Chrysler’s secured loans. This case went in the favor of Chrysler and they lost it in the high court. Following this they have filed another lawsuit in the Supreme Court asking for holding the sales of Chrysler to Fiat. Based on the lawsuit filed, the Supreme Court jury Ruth Bader Ginsburg has given a decision that the sale would be temporarily delayed until further order is issued. The Chryslers lawyers fear that this stay would affect the deal with Fiat that is scheduled to go under in a few days. Thus its been tough times for Chryslers and the lawyers are trying hard to break th...