Tag: Sergio Marchionne

• 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.

• Thursday, July 26th 2018 - 06:32 UTC

  Politicians and industry leaders pay tribute to Fiat-Chrysler's CEO Marchionne

  

  The former chief executive of carmaker Fiat-Chrysler, Sergio Marchionne, has died in hospital in Zurich aged 66. He was replaced four days ago when his health worsened following complications from surgery on his right shoulder.

• 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.

• 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.