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San Fransisco Chronicle (Free subscription) | 5 hours ago
The Italian automaker Fiat Group SpA's layoff plans are now hitting white-collar workers. Fiat informed unions this week that 1,800 white-collar workers will be temporarily laid off for the first week of February, and 1,500 during the second week, the company...
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Times of India (Free subscription) | 12/23/2008
Fiat Group has agreed to pay $7 million in fines to settle US Justice Department corruption charges that its subsidiaries bribed Iraqi officials in exchange for contracts funded by the United Nations.
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www.BackgroundNow.com Weblog (Free subscription) | 12/23/2008
Fiat S.p.A. (Fiat), an Italian corporation based in Turin, Italy, has agreed to a $7 million penalty for illegal kickbacks paid to officials of the former Iraqi government by three of its... This is a mere summary. Go to http://www.backgroundnow.com/blog for the real deal.
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kansascity.com (Free subscription) | 12/22/2008
Italian auto company Fiat Group agreed Monday to pay $7 million in fines to settle U.S. Justice Department corruption charges that its subsidiaries bribed Iraqi officials in exchange for contracts funded by the United Nations.
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Seattle Times (Free subscription) | 12/22/2008
Italian auto company Fiat Group agreed Monday to pay $7 million in fines to settle U.S. Justice Department corruption charges that its subsidiaries bribed Iraqi officials in exchange for contracts funded by the United Nations.
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News Unfiltered (Free subscription) | 12/22/2008
Fiat S.p.A. (Fiat), an Italian corporation based in Turin, Italy, has agreed to a $7 million penalty for illegal kickbacks paid to officials of the former Iraqi government by three of its subsidiaries, Acting Assistant Attorney General Matthew Friedrich of the Criminal Division announced today. Fiat agreed to pay the fine as part of a deferred prosecution agreement with the Department. The matter...
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Seattle Post-Intelligencer (Free subscription) | 12/22/2008
WASHINGTON -- Italian auto company Fiat Group agreed Monday to pay $7 million in fines to settle U.S. Justice Department corruption charges that its subsidiaries bribed Iraqi officials in exchange for contracts funded by the United Nations.
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Reuters (Free subscription) | 12/22/2008
WASHINGTON (Reuters) - Italian automobile and truck maker Fiat SpA agreed to pay more than $10 million to settle allegations of kickbacks linked to the sale of goods to Iraq under the U.N. oil-for-food program, the U.S. Securities and Exchange Commission said on Monday.
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eGMCarTech (Free subscription) | 12/16/2008
Fiat Group SpA has shut down most of its Italian plants for a month, laying of 48,000 blue collar workers for an extended holiday break due a drop in demand for new cars. The shutdown will be effective until mid-January and will affect 20 Italian Fiat plants. According to InsideLine sources, Fiat and PSA Peugeot-Citroën have [...]
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Times of India (Free subscription) | 12/16/2008
Fiat Group SpA has for the first time shut down most of its Italian plants for a month, laying off nearly 50,000 workers for an extended holiday as it copes with the precipitous drop in demand for new cars.
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Boston Globe (Free subscription) | 12/13/2008
The top executive of auto maker Fiat SpA said 2009 would be the toughest year of his life and urged European government assistance for the auto sector.
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TODAY ON ROADST3R - Car STORIES (Free subscription) | 12/08/2008
Mass consolidations and a number of major bankruptcies are inevitable says Fiat Group CEO Sergio Marchionne as the auto industry weathers the global economic crisis and experiences one of the worst slump in sales in several decades. Marchionne goes so far as to predict that only six carmakers will survive...
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trymi | 12/08/2008
The plan of the Fiat Group introduce its best brand Lancia again to the UK outlet next year has been indefinitely postponed. “Given the current global economic crisis, Fiat Auto has taken the decision to delay the reintroduction of the Lancia brand in right-hand-drive markets beyond 2009,” Fiat stated in an interview.
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trymi | 12/08/2008
The plan of the Fiat Group introduce its best brand Lancia again to the UK outlet next year has been indefinitely postponed. “Given the current global economic crisis, Fiat Auto has taken the decision to delay the reintroduction of the Lancia brand in right-hand-drive markets beyond 2009,” Fiat stated in an interview.
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infibeam | 05/06/2008
Not very long ago, the only cars that were available in India were the Ambassador and the Premier Padmini. The Ambassador is a replica of the Morris Oxford – an old British car, while the Premier Padmini was a Fiat 1100 assembled in India. All that was in pre-liberalisation India, which existed before 1991, when the first liberalization measures were announced. Earlier, the production of the Maruti...