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Fiat CEO confirms he wants alliance with Opel
Fri, 01 May 2009Fiat S.p.A.'s boss has confirmed that the automaker wants to form an alliance with General Motors' German subsidiary Opel. "Now we have to concentrate on Opel. They are our perfect partner," CEO Sergio Marchionne told Fiat-owned newspaper La Stampa in a story published Friday.
Budget 2009 - UK gets £2000 scrappage scheme
Wed, 22 Apr 2009By Ben Pulman Motor Industry 22 April 2009 15:15 Chancellor Alistair Darling has announced a £2000 car-scrapping incentive, and a surprise 2p per litre increase in fuel tax in the latest budget. Darling delivered his Budget speech at 12.30pm GMT today. Scroll down the page to see our edited highlights of the 2009 Budget, read in-depth details of the scrappage scheme and see how the motor industry has responded.
Fiat might increase Chrysler stake to 51 percent before IPO, sees no merger
Tue, 04 Jan 2011Fiat SpA, the Italian carmaker that owns 20 percent of Chrysler Group LLC, may boost the holding to more than 50 percent before an initial public offering by the U.S. automaker, the companies' chief executive officer said. “I think it is possible.