Tag: Fiat

• Saturday, January 9th 2021 - 09:06 UTC

  FIAT and Peugeot merge to create world's fourth largest auto company

  

  Shareholders of Fiat Chrysler Automobiles (FCA) and Groupe PSA (Peugeot) voted to merge the U.S.-Italian and French carmakers to create the world’s fourth-largest auto company by volume.

• Thursday, June 25th 2020 - 06:44 UTC

  Italy guarantees US$ 7 billion loan to Fiat Chrysler as it merges with France's PSA

  

  Italy's government said on Wednesday it would guarantee a 6.3-billion-euro (US$7.1 billion) loan to Fiat Chrysler, as the automaker struggles with the impact of the coronavirus pandemic.

• Wednesday, May 27th 2020 - 08:08 UTC

  Mexican auto industry picks up with approved safety measures

  

  Mexico's auto industry reopening picked up the pace on Tuesday, with Fiat, Chrysler, and BMW AG joining peers in gradually dusting off operations even as the wait for approvals slowed the return of Ford Motor Co and other companies.

• Friday, May 22nd 2020 - 07:20 UTC

  Brazil's Fiat-Chrysler automaker back to work, but under strict measures

  

  Before going to work these days, employees at the Brazilian unit of Fiat Chrysler Automobiles have to get a health check using a mobile app every morning.

• Thursday, December 19th 2019 - 09:02 UTC

  Fiat/Chrysler and Peugeot's PSA confirm merger creating world's fourth largest carmaker

  

  Fiat Chrysler and rival PSA Group, owner of Peugeot and Vauxhall, have confirmed a US$ 50bn merger deal. The merger is aiming for annual cost savings of US$ 4bn through shared purchasing agreements and combined technologies, will create the world's fourth-largest carmaker.

• Thursday, October 31st 2019 - 08:57 UTC

  A new auto giant in the making: Fiat Chrysler and Peugeot

  

  Fiat Chrysler and Peugeot owner PSA are in talks to combine in a deal that could create a US$50 billion automaker. The announcement could be made this same week.

• Wednesday, January 9th 2019 - 08:45 UTC

  Domestic car sales in Brazilian domestic market in line with expectations

  

  Car and light truck sales in Brazil went up 13.6% in 2018 from the previous year, cementing the industry’s gradual recovery from a deep recession. Brazil was one of the world’s five biggest auto markets until a recent downturn and, despite last year’s growth, numbers remain lower than at their peak in 2012.

• Friday, January 3rd 2014 - 00:30 UTC

  Chrysler becomes 100% Italian as FIAT buys remaining 41% stake

  

  Shares in Italian car giant Fiat have jumped more than 15% following the announcement of its plan to buy the remaining 41% of Chrysler it does not own. Fiat has owned a majority stake in the US company since 2009.

• Wednesday, May 8th 2013 - 09:02 UTC

  Fiat plans to invest 7bn dollars in next three years to remain main automaker in Brazil

  

  Italy’s carmaker Fiat is upping its stake in Brazil, pouring about 7 billion dollars into local investments by 2016, according to a plan its CEO Sergio Marchionne handed President Dilma Rousseff on Monday.

• Saturday, July 9th 2011 - 07:03 UTC

  Fiat confirms trade disputes between Argentina and Brazil

  

  Fiat will trim some production in Brazil and Argentina for a week because of a trade spat between the South American neighbours, the Italian car maker said on Friday.