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Fiat forms joint venture with Russian firm

Fiat forms joint venture with Russian firm
Italy's Fiat and Russian auto maker Sollers will invest 2.4 billion euros (3.3 billion dollars) in a new joint venture to produce cars in Russia, the Russian government said Wednesday. "With this project a second major player is created on the Russian passenger car market," after Russia's largest carmaker...
February 10th, 2010 | Fiat, Sollers | Read More

Fiat unions chafe at boss’s aggressive decisions

Fiat unions chafe at boss’s aggressive decisions
Admiration for Sergio Marchionne, the dynamic boss of Italian automaker Fiat, is giving way to grumbling as unions and the government question some of his more aggressive decisions. The Canadian-Italian credited with rescuing the Italian icon from the brink of bankruptcy in 2005 has come under fire recently...
February 1st, 2010 | Fiat | Read More

Fiat calls two-week production halt in Italy

Fiat calls two-week production halt in Italy
Italian automaker Fiat on Tuesday called a two-week production halt in Italy from February 22, temporarily laying off some 30,000 workers because of a fall-off in orders. "We announced today that all factories will stop from February 22 to March 7," a Fiat spokesman told AFP. "The (temporary) layoff...
January 26th, 2010 | Fiat | Read More

Fiat forecasts return to profit in 2010

Fiat forecasts return to profit in 2010
Italian automaker Fiat on Monday reported a higher-than-expected net loss in 2009 but forecast a return to profit this year as long as European governments continue to offer incentives to buy green. The automaker announced a net loss of 848 million euros (1.2 billion dollars) in 2009 compared with a...
January 25th, 2010 | Fiat | Read More

Fiat says it has recalled 500,000 cars

Fiat says it has recalled 500,000 cars
Italian auto maker Fiat said on Friday it had recalled about 500,000 of its Grande Punto and Grande Punto Abarth models in Europe because of a "possible anomaly" in the steering column. The company said that half the vehicles recalled were in Italy and the rest elsewhere in Europe. It added that owners...
December 4th, 2009 | Fiat | Read More

Chrysler may produce Fiat cars in Mexico

Chrysler may produce Fiat cars in Mexico
US automaker Chrysler, which has partnered with Italian Fiat as part of its bankruptcy plan, is considering producing Fiat 500 subcompact cars at its plant in Mexico, The Wall Street Journal reported Monday. Citing "people familiar with the matter," the newspaper said Chrysler is considering what other...
August 17th, 2009 | Fiat | Read More

EU regulators clear Fiat tie-up with Chrysler

EU regulators clear Fiat tie-up with Chrysler
EU regulators on Friday approved a tie-up between Italian automaker Fiat and US-based manufacturer Chrysler, saying the move would not hurt competition in Europe. "After examining the operation, the (European) Commission concluded that the transaction would not significantly impede effective competition...
July 24th, 2009 | Chrysler, Fiat | Read More

Fiat boss evokes ‘difficult decisions’ in Opel takeover

Fiat boss evokes ‘difficult decisions’ in Opel takeover
The head of Italian automaker Fiat evoked the spectre of job losses on Saturday as he spoke of "difficult decisions" regarding its proposed takeover of Germany's Opel. "These are difficult decisions, I understand. But it is the moment to make them," the domestic ANSA news agency quoted Sergio Marchionne...
May 9th, 2009 | Fiat | Read More

Fiat, Serbia to sign joint venture deal

The government of Serbia and Italian carmaker Fiat will sign a joint venture deal on the Zastava car plant on September 29, the Serbian Economy Ministry said in a statement Friday. The signing will be the official confirmation of a memorandum of understanding signed between the two partners in April,...
September 19th, 2008 | Fiat | Read More

Fiat signs deal to make cars, engines in Russia

Italian automaker Fiat signed a deal worth 305 million dollars (194 million euros) with Russia's Severstal-Auto on Saturday to produce cars and engines in Russia, an official statement said. A joint venture will initially produce 50,000 Fiat Linea cars per year, said a statement from local authorities...
June 7th, 2008 | Fiat | Read More