Fiat

Fiat notified the U.S. Treasury of its intent on Friday to buy the government's stake in Chrysler, making it a majority shareholder of the automaker. A deal with Treasury would translate to Fiat holding a 52% ownership stake in Chrysler. A deal is expected to be negotiated within 10 business days...

It's not often that a company can turn a negative into a positive, but that is exactly what Chrysler did this week. Wednesday, the world-class carmaker announced it had paid back the U.S. and Canadian governments the balance of their loans a full six years ahead of schedule. The loans, which had...

As analysts weigh in on Ford's (NYSE: F) impressive earnings and subsequent rise, the Center For Automotive Research is providing a few comments of its own. “We are very much impressed,” Bernard Swiecki, Senior Project Manager at CAR, told Benzinga this afternoon. “They've come a long way very...

Fiat SpA CEO Sergio Marchionne said that he has a price in mind if bankers are interested in pursuing his company's flagship brand of Ferrari: 5 billion euros (or $7.3 billion). The company also owns a 30% stake in Chrysler Group LLC, as well as ownership of the Maserati, Alfa Romeo and Lancia...

Italian automobile manufacturer Fiat confirmed on Tuesday that it had upped its stake in Chrysler to 30%, a move that saw another 5% of Chrysler's shares going to Fiat. Fiat S.p.A., an acronym for Fabbrica Italiana Automobili Torino, has bought into Chrysler after its bankruptcy. Both companies...

Fiat announced that production on the Fiat 500 will begin next month in Toluca, Mexico. Their goal is to introduce the 500 in the U.S. auto market in January, or February, 2011. Fortune reports, "The U.S. version will feature a new six-speed transmission that can be used in auto or manual mode,...

Fiat is going to start producing Chrysler Jeeps in Turin, Italy according to a Fiat statement released earlier today. According to an AFP article, "Fiat said the deal would bring investments of more than 1.0 billion euros (1.3 billion dollars) to the Mirafiori plant in Turin, which was inaugurated...

Steve Rattner, the former New York Times (NYSE: NYT) reporter who struck it rich on Wall Street, wouldn't have been anyone's first guess as the individual to become overseer for the latest overhaul of the once-mighty U.S. automobile industry. Yet politics and finance - and perhaps fate - brought...