News
Fiat-Chrysler “Willing” to Form an Alliance with Opel
In 2000, General Motors and Fiat formed an alliance in which the GM gained 20 percent of the Fiat’s shares in exchange for 5.1 percent of its own stock. The two companies jointly developed the Gamma platform for B-segment cars that underpinned the 2005 Fiat Punto and the 2007 Opel Corsa.
Sergio Marchionne [...]
Fiat Group Loses Big in Europe
The Fiat Group CEO, Sergio Marchionne, admits that his company is facing huge troubles in Europe as in the first nine months of 2011, the company’s sales decreased by 12% compared to the same period last year, with its share in the European market dropping from 8.2% to 7.3%.
Even in its home market of Italy [...]
Fiat and Chrysler will have a Single Management Team
Fiat and Chrysler will soon get a single management structure. The Bloomberg reports that Marchionne, CEO of both companies, told that he intends to implement his unified management team “pretty quickly”.
This is just another step in Marchionne’s plan to integrate the two carmakers and achieve a revenue of more than $140 billion by 2014. Marchionne [...]
U.S. Fiat dealers to be chosen next month
By September 22 the 600 Chrysler dealers given the chance to be a Fiat dealership will need to have submitted their applications. Next month 165 of those dealers will find out that they’ve been chosen to sell the car. Once they get the letter, they better get to work: Chrysler group expects them to [...]
1,500,000th Panda
Good news for Fiat fans: the small Panda car has reached a 1,500,000th example of the model on the Poland plant in Tychy. The vehicle is a left hand drive car in magnetic blue with a 1.3 MultiJet engine that is destined for an Italian customer. The today generation Panda was unveiled in 2003 and [...]
Fiat buys Zastava to build new microcar
The process started in December when the Serbian government made the announcement, sparking interest from various automakers. The Fiat stance was that it was still considering the proposition. Well, it appears the Italian automakers has done thinking, and has signed a memorandum of understanding with Serbia to establish a joint venture that involves Fiat investing [...]
Fiat confirms two new small cars
Fiat’s Chief Technology Officer Harald J. Wester has confirmed news that FIAT is developing a new low-cost car.
The new low cost B-compact car, which will replace the Palio family range in world markets, will bridge the gap that has grown up between the A-segment Panda and the B-segment Grande Punto, a divide that has [...]
Fiat launch low-cost car in 2010
Fiat plans to reveal its low cost car somewhere in 2010. The new cheap Fiat will be an even smaller car than the 500 and Panda. The new model would be a low-cost vehicle targeted at markets in South America, Russia, India and China.
If the company decides it will wear the Fiat badge, it could [...]
Fiat return Alfa Romeo to US
Fiat is moving production of Alfa Romeo cars to the United States. Such a move would save money for Fiat, which is suffering from the relative strength of the euro against the dollar, and mark a return of the Alfa Romeo brand to the United States after withdrawing it in 1995. Fiat planned to start [...]