Fiat-Chrysler
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AM General, best known for bringing the Hummer brand into the world, has reportedly hung up a "for sale" sign. The company is allegedly seeking potential bidders, which may include both General Motors and Fiat-Chrysler Automobiles. Reuters reported Monday the list of potential buyers includes GM, FCA, and a group of AM General's current industry rivals such as General Dynamics, Oshkosh Corporation, and BAE Systems. Sources told the publication AM General may be worth up to $2 billion should it agree to a sale. AM General currently builds the military-spec Humvee and introduced the original...
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Fiat Agrees To Pay $1.27 Billion For Additional 16 Percent Chrysler StakeFiat has confirmed its commitment to increasing its stake in Chrysler by 16 percent in the event that the U.S. automaker refinances its loans from the U.S. and Canadian governments. Fiat is essentially exercising its option to acquire an incremental 16 percent stake at a price of $1.27 billion upon...
Viknesh Vijayenthiran -
Fiat-Chrysler Boss Sergio Marchionne Shows Off Personal Ferrari Enzo
What many may not know about Fiat-Chrysler boss Sergio Marchionne is that the unassuming auto exec in a sweater is an avid performance car fan, especially the high-performance cars from Ferrari. At a recent press event in Balocco, Italy, Marchionne took the opportunity to show off his own personal...
Viknesh Vijayenthiran -
Alfa Romeo U.S. Launch Pushed Back To 2013: Report
We’ve reported extensively on Alfa Romeo’s relaunch plans for the U.S., with most recent reports suggesting the brand’s return would take place sometime in 2012, led by the stunning 4C sports car and brand new Giulia sedan. Now, people familiar with Alfa Romeo’s plans are...
Viknesh Vijayenthiran -
New Details On Planned Fiat Four-Door B-Segment Car For U.S.
We've known since November, 2009, that Chrysler was planning a B-segment car for the U.S. in 2013. The news was revealed in Chrysler's five-year business plan, which confirmed the car would be imported from Europe, aimed at the premium small-car segment, and that it would be accompanied by a small...
Nelson Ireson -
2011 Geneva Motor Show Preview: Lancia Reveals Rebadged Chrysler Range
As we all know the Chrysler brand has been axed in Europe, with its cars continued to be sold across the Atlantic but soon-to-be wearing Lancia badges instead (excluding the UK). Today, just a few weeks out from the 2011 Geneva Motor Show, the rejuvenated Lancia brand is showing off its new lineup...
Viknesh Vijayenthiran -
The first of the three conditions necessary for Fiat to increase its stake in Chrysler by up to 15 percent (from the intial 20 percent buy-in) has been met: the supply of the 1.4-liter FIRE engine in the new Fiat 500, allowing the company to raise increase its holding to 25 percent. The FIRE, or Fully Integrated Robotized Engine, meets the requirement of a fuel-efficient engine family to be produced in the U.S. for use in Chrysler vehicles. Fiat's additional five percent stake means the UAW VEBA now holds 63.5 percent, the U.S. Treasury holds 9.2 percent, and the Canadian government holds 2.3...
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Fiat Group Dual Clutch Transmission Set For U.S. Market Deployment
While its bigger models will benefit from fuel saving eight-speed automatic transmissions, Chrysler’s smaller car portfolio will get a range of more advanced dual clutch transmissions that offer even better efficiency. Thanks to parent company Fiat and its own ‘C635’ six-speed dry...
Viknesh Vijayenthiran -
Italian Plant To Build New Alfa Romeo And Jeep SUVs
Hot on the heels of news that Maserati will be launching a new SUV based on the Jeep Grand Cherokee in 2013 comes confirmation that Alfa Romeo will also get its own Jeep-based SUV, a key model in the Italian brand’s return to the U.S. market. The confirmation comes from the highest source...
Viknesh Vijayenthiran
