Fiat

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UAW to Own 55% of Chrysler
 UAW to Own 55% of Chrysler 
Apr 28, 2009 8:07 AM CDT

UAW to Own 55% of Chrysler

(Newser) - The United Auto Workers are about to own Chrysler. In exchange for a variety of concessions, the union will eventually get a 55% majority share in the automaker, according to a summary of the restructuring deal, which was sent to union leaders late last night and reviewed by the Wall ...

UAW Cuts Deal With Chrysler, Fiat, US Treasury

(Newser) - Auto workers cut a new agreement with Chrysler today that brought the automaker closer to a partnership deal with Fiat, the Wall Street Journal reports. Agreeing to lower health care benefits for retirees, United Auto Workers called the "concessionary agreement" painful but said it met President Obama's rigorous...

Chrysler to Dealers: We're Not Going Bankrupt

(Newser) - Chrysler isn’t facing imminent bankruptcy, its vice chairman told the automaker’s dealers today. “Nothing has changed,” Jim Press said on a conference call, three participants tell the Wall Street Journal. Chrysler still plans to restructure outside of bankruptcy and cut a deal with Fiat. But Press...

Fiat Exec Would Gut Chrysler to Save It

Marchionne has succeeded in fighting corporate bloat before

(Newser) - It may seem awfully cocky of Fiat chief Sergio Marchionne to assume that he can save Chrysler, generally written off in the industry as a lost cause. But there’s a reason Marchionne is optimistic, notes the Economist: He’s done it before. When he took over Fiat in 2004,...

Fiat Begins Talks With GM While Courting Chrysler

(Newser) - Fiat is bound and determined to join the big boys of the auto world, and it's using ailing US companies to gain a foothold. The Italian automaker has begun surprise talks with General Motors to buy a stake in GM's Opel division and expand its presence in Europe and Latin...

Chrysler May File for Bankruptcy Next Week

(Newser) - Chrysler is preparing to file for bankruptcy as early as next week, the New York Times reports. The best-case scenario for survival: Chrysler will strike a deal with its lenders, file for bankruptcy protection to shed liabilities, then merge its strongest assets with Fiat. If those deals fall through, the...

Chrysler Gets New Aid, but End May Loom

Treasury pushes automaker toward Fiat deal or liquidation

(Newser) - The Obama administration has given a further $500 million to keep Chrysler afloat, but Washington signaled yesterday it increasingly believes Chrysler will not survive as an independent company. Treasury officials met yesterday with CEO Robert Nardelli, as well as the heads of the United Auto Workers and Italian automaker Fiat....

Chrysler, Fiat to Form 'Global Alliance'

Treasury cash proves a motivating incentive for carmaker deal

(Newser) - Chrysler and Fiat have agreed to form a “global alliance” just hours after President Obama exhorted the two automakers to partner, MSNBC reports. Obama had promised $6 billion in loans to help Chrysler link with Fiat, and set a 1-month deadline for doing so. "We are pleased that...

Auto Team: Chrysler Needs Bankruptcy, Fiat Deal

Administration offers 30 days more working capital before aid dries up

(Newser) - Chrysler cannot become viable on its own, says the White House's auto task force, recommending “quick and surgical” bankruptcy restructuring and the proposed Fiat partnership as the automaker's best shot at survival. The administration will provide Chrysler 30 days’ more working capital to finalize a deal, but the federal...

Chrysler Needs $3B From Feds to Lock Deal With Fiat

The automakers have agreed to an alliance, but only if Chrysler gets another loan

(Newser) - Chrysler and Fiat have agreed to a deal that would give the Italian automaker a 35% stake in the US company, but there’s a hitch: it doesn't become final unless Chrysler bags another $3 billion from the federal government, reports the Wall Street Journal. The partnership will give Chrysler...

Fiat to Take 35% Stake in Chrysler, Enter US Market

No-cash deal offers platform sharing and markets to Fiat, a lifeline to Chrysler

(Newser) - Fiat arranged a no-cash deal with Chrysler today that could put the Italian automaker behind the wheel of Chrysler’s operations, the Wall Street Journal reports. Fiat will take a 35% stake in Chrysler with an option for 20% more. Fiat will receive a foothold in the US market, retooling...

Fiat, Chrysler Talk Partnership
 Fiat, Chrysler Talk Partnership 
Jan 19, 2009 1:39 PM CST

Fiat, Chrysler Talk Partnership

Deal could allow US firm quick access to small-car parts

(Newser) - Chrysler is in talks with Fiat to form a partnership that could boost the troubled automaker, Automotive News reports. In the deal, Fiat may offer Chrysler access to its platforms, engines, and transmissions for smaller cars, enabling Chrysler to quickly put out a new line of front-wheel-drive, low-emissions vehicles. Fiat...

Fiat 500: Mini Package, Max Charisma
 Fiat 500:
 Mini Package,
 Max Charisma 
PRODUCT REVIEW
Jul 9, 2008 11:59 AM CDT

Fiat 500: Mini Package, Max Charisma

A sexy and economical European delight that's fun to drive and cheap to operate

(Newser) - Add adorable to 40-plus miles per gallon and you get the Fiat 500, an Italian compact that, despite taking a while to go from 0 to 60, brings a new sweetness to the term eye candy, Dan Neil writes in the Los Angeles Times: "It's fun to look at,...

Seinfeld Rolls Vintage Car, Is Unhurt

Brakes fail, but comic's quick thinking avoids major crash

(Newser) - What’s the deal with brake lines? Jerry Seinfeld found his suddenly inoperable Saturday night, leading to a spectacular rollover crash in the swanky Hamptons, the New York Post reports. With the car careening out of control, Seinfeld swerved sharply to avoid sailing into an intersection, and the car flipped—...

Alfa Romeo Revs Up to US Market
 Alfa Romeo Revs Up
to US Market 
Mar 15, 2008 8:34 PM CDT

Alfa Romeo Revs Up to US Market

Analysts skeptical due to weak earlier run at American buyers

(Newser) - Italian automaker Alfa Romeo is ready for a second run at the US market, hoping to provide a stylish alternative to BMWs and Audis, the Los Angeles Times reports. A cultural icon in Italy, Alfa failed to win over Americans in the past—and is now sparking skepticism from auto...

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