Now Fiat’s plans for Chrysler have revealed, it’s worth pondering just how remarkably similar Chrysler’s history is to Rover’s. The American carmaker built its reputation on advanced engineering at an affordable price (as did Rover in the 1960s) but suffered a near-death experience in 1979 before being bailed out by the US government. It prospered for a while through the compact...
AUBURN HILLS, Mich. | Chrysler plans to revamp its struggling Dodge car brand under a new turnaround plan and says the company's cash has grown by nearly $2 billion since it exited bankruptcy protection in June. Under the plan, the automaker aims to introduce four new Dodges by 2013 and put new exteriors, interiors and engines on most of its current lineup. The new Dodges include a midsize sedan for...
Chrysler plans to overhaul its cars with technology from its new Italian partner, Fiat SpA, and says it has the cash to pay for it, helped by the U.S. government and lower costs.
Chrysler plans to pump life into its car lineup with technology from its new Italian partner, Fiat SpA, and says it has the cash to do it as it starts to combine the two automakers.
Video explains Fiat Multiair system that will be used in many of Chrysler's new models to improve fuel efficiency, reduce emissions and boost power. By John O'Dell, Senior Editor Chrysler's new powertrain chief, Paolo Ferrero, says the company will begin widespread adoption of gas and diesel engine technologies from its new owner, Fiat Group, with the first of a family of more fuel-efficient engines...
Fiat Group will soon unveil its plans to help get the struggling Chrysler Group back on track. But the question that won't be answered is whether these changes will come in time to save the company.
SUGAR LAND, TX (MARKET WIRE) Researched by Industrial Info Resources (Sugar Land, Texas) -- Due to the recession and sluggish automotive sales, the majority of the automakers who assemble vehicles in the United States have focused on reducing production, cutting costs and closing unnecessary plants. However, two European automakers that have not operated a plant in the U.S. for quite some time have...
Italian automaker Fiat Group SpA has corrected its third-quarter income statement, which now shows the company made net profit of euro21 million in the third quarter, down 95 percent from euro440 million during the same period a year earlier.
The Italian automaker Fiat Group SpA has posted its third straight quarterly loss due largely to falling sales of trucks and construction and farm equipment. Wednesday's earnings release says Fiat lost euro168 million ($251.5 million) in the third quarter... Sponsored Topics: Fiat - Automotive industry - auto - Business - Recreation
The Italian automaker Fiat Group SpA has posted its third straight quarterly loss due largely to falling sales of trucks and construction and farm equipment.
MILAN--(BUSINESS WIRE)--Accenture (NYSE: ACN) will help Fiat Item, a subsidiary of the Fiat Group, consolidate its information and communications technology (ICT) operations under a multi-year application outsourcing contract. Financial terms were not disclosed. Under the terms of the agreement, Fiat Item will outsource to Accenture its application development and maintenance activities that support...
DETROIT Chrysler's new Italian management on Monday announced a surprise shake-up of the automaker's executive team, saying two recently appointed brand CEOs have left and that it was splitting Dodge into two groups, one focusing on trucks and the other on cars. The moves marked the second management reorganization since Fiat Group SpA CEO Sergio Marchionne took control of Chrysler on June 10 when...
A person briefed on the agenda says the new Chrysler Group LLC board will discuss plans for a number of new models, some based on cars sold by Italy's Fiat Group SpA. The person says the board will meet Friday to consider a range of new vehicles including a... Sponsored Topics: Fiat - Chrysler - auto - Italy - Makes and Models
A person briefed on the agenda says the new Chrysler Group LLC board will discuss plans for a number of new models, some based on cars sold by Italy's Fiat Group SpA.
It may be becoming a lot clearer to both Fiat CEO Sergio Marchionne and the US taxpayer exactly how Chrysler wound up turning into a black hole for cash. You don't have to go far from the top to get a taste of the conventional wisdom that helped turned the auto maker into the crown jewel of the Cerberus collection. Chrysler's deputy CEO, James Press, is learning the hard way that living bonus check...
It was reported this week that Fiat S.p.A. is carrying out environmental and safety evaluations of Chrysler LLC factors as part of its intention to take over 35 percent of its stake. Environ Holdings Inc., of Arlington, Virginia was hired by Fiat to conduct the evaluations.
New Holland, a subsidiary of the Fiat Group has revealed the first hydrogen-propelled tractor in the world at an Italian agricultural show. The tractor is called the New Holland NH2 and is the first of its kind, it is totally silent and totally eco-friendly, emitting only water and heat. It comes with a prototype hydrogen fuel cell that produces 105bhp.
The global alliance that have been the topic of much discussion lately has already been officially signed last week by Fiat Group, Chrysler and its parent company Cerberus Capital Management. This alliance, which is an important element to the viability plan of Chrysler , would enable Chrysler to access Fiat’s competitive, fuel-economical vehicle platforms, the latest powertrains, and parts to be manufactured