Tag: Fiat

• Tuesday, May 31st 2011 - 08:13 UTC

  Fiat was saved from collapse by sales in Latin America admits CEO Marchionne

  

  Fiat and Chrysler Group president Sergio Marchionne said on Monday that car sales in Latin America saved the corporation’s balance sheet last year and announced an overall increase in car sale operations in accordance with regional demand.

• Monday, May 2nd 2011 - 00:40 UTC

  Chrysler to repay bailout loans to US and Canada governments next June

  

  Chrysler anticipated that by the second quarter it will have repaid bailout loans worth more than 7 billion US dollars given by the US and Canadian governments. The auto group said it would pay back the bailout by June with loans from investors.

• Wednesday, April 27th 2011 - 08:26 UTC

  Fiat will manufacture in Argentina combines and specialty tractors for Latam

  

  Italy’s Fiat Industrial, through its affiliate CNH, will set up a plant in Argentina to manufacture powerful combines and specialty tractors destined for the Latin American market. The plant will create some 600 direct and 1,500 indirect jobs, CNH said in a statement on Tuesday.

• Saturday, December 18th 2010 - 19:04 UTC

  Fiat targeting a production of over a million cars in Brazil

  

  Fiat announced this week that it plans to invest 3 billion Real (approx. 1.7 billion USD) to build a second plant in Brazil, the carmaker’s No. 2 market after its native Italy.

• Wednesday, October 20th 2010 - 03:02 UTC

  Fiat plans to invest 6 billion USD by 2015 in Brazil to boost production

  

  Italy's Fiat will invest 10 billion Reais (USD 6 billion) in Brazil by 2015 in operations that include production of cars, auto parts and agricultural machinery.

• Monday, May 3rd 2010 - 04:14 UTC

  Auto Industry Investment Plans Confirm Brazil as One of Five Main Global Markets

  

  The Brazilian automotive industry will invest 11.2 billion US dollars over the next two years to 2012, an amount that tops the 8.1 billion of the three preceding years, local media said Saturday.