The union between Fiat and Chrysler first envisioned five years ago, when Chrysler was on the brink of liquidation, is now complete, following Fiat's purchase of the remaining 41 percent of Chrysler's shares from a retiree trust fund. Now called Fiat …
But even though the merger of Fiat and Chrysler is now complete, the company's fourth-quarter earnings show how far it has to go to become a balanced and integrated automaker. Chrysler, which has historically been the third-biggest American automaker …
Chrysler Group's fourth-quarter net income more than quadrupled to $1.62 billion, aided by $962 million in one-time tax benefits. Without the benefits, the company made $659 million, still 74% more than a year ago. Chrysler's performance helped to prop …
Fiat profits fell in 2013 as its troubled European operations and a slowing South American car market offset the positive impact of Chrysler's increased profit. Fiat also said it will not pay a dividend for 2013 and cut its guidance for 2014. The …
NEW ORLEANS (AP) — Chrysler dealers from around the U.S. seem revved up by the purchase of the U.S. carmaker by Italy's Fiat SpA. They were attending the National Automobile Dealers Association convention in New Orleans on Saturday — four days …
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UPDATED 12:58 pm to correct Chrysler contribution. It's a done deal. Fiat now owns all of Chrysler. Italian automaker Fiat's subsidiary, Fiat North America, today completed the previously announced acquisition of the 41.46% stake in Chrysler Group that …
While Fiat SpA (F) Chief Executive Officer Sergio Marchionne, 61, got the spotlight for the New Year's Day swoop to secure full control of Chrysler Group LLC, a reserved 37-year-old will ultimately determine whether that transatlantic combination succeeds.
Fiat's stock soared 16.4% to close at $9.54 per share in trading Thursday, one day after the Italian automaker announced it reached a deal to buy all of the remaining shares of Chrysler owned by UAW Retiree Medical Benefits Trust. That is the highest …
In addition to the deal, Chrysler will contribute $700 million to the benefits trust over a 4-year period. For its part, the UAW has agreed to support the automaker's plans to roll out vehicles and will drop a Delaware court proceeding over options …
Fiat's agreement to buy the remaining 41.5% to own all of Chrysler reeks of financial savvy. Fiat/Chrysler CEO Sergio Marchionne has engineered "a bit of a coup," said Max Warburton, industry analyst at Bernstein Research. "He's being called 'Maestro …
Fiat said on Wednesday that it had reached an agreement to take full ownership of Chrysler in a $4.35 billion deal with the United Automobile Workers retiree health care fund. Fiat and the U.A.W. trust have shared ownership since Chrysler emerged from …
Italian automaker Fiat SpA announced Wednesday that it reached an agreement to acquire the remaining shares of Chrysler for $3.65 billion in payments to a union-controlled trust fund. Fiat already owns 58.5 percent of Chrysler's shares, with the …
The deal, which helps clear the way for consolidation of the two auto makers, assumes a value for Chrysler at just over $10 billion, within the $9 billion to $12 billion valuation that banks underwriting a proposed initial public offering had been …
Fiat is reportedly back to the negotiating table with a United Auto Workers trust in an effort to acquire the remaining stake in Chrysler Group, while an initial public offering for the U.S. automaker remains on hold. Bloomberg News reported Friday …
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Published: September 24, 2013. DETROIT — Sergio Marchionne cemented his reputation as a master negotiator four years ago, when he persuaded the Obama administration to turn over control of Chrysler to his company, the Italian automaker Fiat.
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