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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.
Pininfarina family to lose control of company
Wed, 15 Feb 2012The Pininfarina family is set to lose its controlling share stake in the company as it takes a step closer to restructuring its €76 million net debt. The Italian design firm, founded in 1930, has been plagued with debt in recent years, shutting its manufacturing branch in 2011 to concentrate purely on design, ending a joint venture with Volvo that saw the company assemble Volvo's C70. The move is seen as a positive one for the company in the long-term, making it more financially secure for future developments, but it also means that the Pininfarina family will lose control of the company by selling its 77 percent share.
Jeep Grand Cherokee (2007): first official pictures
Mon, 02 Apr 2007By Tim Pollard First Official Pictures 02 April 2007 08:42 Jeep Grand Cherokee: not much has changed, has it? Nope - this is the mildest of mid-life refreshes, isn't it? Jeep has massaged the engines, shopped extensively at the gadget superstore and polished up the exterior design, but you'd be hard pressed to notice the new 2008 model-year Grand Cherokee.