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Chrysler also faced losses

Fiat Group and Chrysler have released their first quarter financial results, and both companies are posting significant losses. As an entity, Fiat Group and Chrysler Group reported revenue of €19.757 billion, down from €20.221 billio...

It has deals with multiple banks to make the deal possible

Fiat is very serious about purchasing the remaining 41.5% of Chrysler. It has arranged for $10 billion in loans from multiple banks to finance the purchase, according to Bloomberg. If the merger were successful, Fiat and Chrysler would then refina...

It will focus on compressed natural gas instead

Fiat has bucked the industry trend towards developing hydrogen fuel-cell cars as a long-term alternative to internal combustion engines by turning its back on the technology after three generations of development. Fiat says that it has stopped...

Fiat has launched a new trim level across its passenger car range called ‘MyLife’. Designed to offer a value-for-money improvement to style and technology, MyLife is now available on the Punto and Panda, with Bravo, Qubo and DobloMyLife v...

Model grows the 500 family inspired on the historic model of the Italian brand

Promised for some years now Fiat has just increased the 500 supermini family. After the cabriolet and 500L versions it's time to introduce a crossover version: the 500X. The new model of the Italian brand was unveiled at the Paris Motor Show a...

It will use the 500 and 500L

Fiat is launching a fleet of red 500 and 500L models as part of its new Enjoy car sharing service that will launch first in Milan in a few days. It will be operated by Fiat and the Eni oil company. The service will offer 300 Fiat 500 cars when...

The Italian government and unions worry that it could affect jobs

Fiat is considering moving its group headquarters to the United States and listing its shares there following its purchase of Chrysler. The move would likely come in 2015 after Fiat officially completes its merger with Chrysler and organizes the n...

The factory currently builds the Alfa Romeo MiTo

Fiat is meeting with its labor union to negotiate whether reduced hours at the Mirafiori factory in Turin will have reduced hours for another 12 months starting from the end of September. Fiat CEO Marchionne said in February that it may invest...

Would need a loan to cover the rest of the purchase

Fiat is negotiating privately with banks to secure a loan to buy the remaining 41.5% of Chrysler from the United Auto Workers medical benefits trust. Between negotiating the terms of the loan with the bank and negotiating the price of the shares w...

14 Teams will work on the creating the next generation 500 or Panda

Fiat wants to challenge people to consider the future of auto design. Its “Two of a Kind” project challenges 14 teams of four students each at the London Royal College of Art Vehicle Design by giving them either a 500 or Panda. The...