Chrysler Group broke even in September and ended its first post-bankruptcy quarter with more cash on hand than it had at the beginning of the period, the company's new boss said Wednesday.
Fiat Group will soon unveil its plans to help get the struggling Chrysler Group back on track. But the question that won't be answered is whether these changes will come in time to save the company.
Chrysler took its first steps with Italy's Fiat, signing a deal and unveiling the new leadership in charge of bringing the company out of bankruptcy and into the future.
The situation at recently rescued Chrysler Group is even more dire than first thought, the CEO of Italy's Fiat -- which came to the aid of the U.S. automaker -- said last week.
The situation at recently rescued Chrysler Group is even more dire than first thought, the CEO of Italy's Fiat -- which came to the aid of the U.S. automaker -- said Wednesday.
Matthew and Marnie Brannon, co-owners of Midwest Fiat in Columbus, Ohio, have run their vintage Italian car parts and service shop for five years. Late last year, they were offered the chance to buy a competitor and expand their business -- but no bank would lend them the money to do it.
Stocks cut losses, but still ended lower Wednesday, as spiking Treasury yields and rising commodity prices added to worries that inflation could limit any recovery effort.
Chrysler took its first steps with Italy's Fiat Wednesday, signing a deal and unveiling the new leadership in charge of bringing the company out of bankruptcy and into the future.
Chrysler and Italian automaker Fiat on Wednesday officially signed a strategic alliance brokered by the U.S. government, one day after the Supreme Court cleared the path for the deal.
Chrysler, which has endured more perils than Pauline, announced Wednesday that it has finalized its global alliance with Fiat, its last obstacle to emerging from bankruptcy.
Chrysler Group broke even in September and ended its first post-bankruptcy quarter with more cash on hand than it had at the beginning of the period, the company's new boss said Wednesday.
Fiat Group will soon unveil its plans to help get the struggling Chrysler Group back on track. But the question that won't be answered is whether these changes will come in time to save the company.
Chrysler took its first steps with Italy's Fiat, signing a deal and unveiling the new leadership in charge of bringing the company out of bankruptcy and into the future.
The situation at recently rescued Chrysler Group is even more dire than first thought, the CEO of Italy's Fiat -- which came to the aid of the U.S. automaker -- said last week.
The situation at recently rescued Chrysler Group is even more dire than first thought, the CEO of Italy's Fiat -- which came to the aid of the U.S. automaker -- said Wednesday.
Matthew and Marnie Brannon, co-owners of Midwest Fiat in Columbus, Ohio, have run their vintage Italian car parts and service shop for five years. Late last year, they were offered the chance to buy a competitor and expand their business -- but no bank would lend them the money to do it.
Stocks cut losses, but still ended lower Wednesday, as spiking Treasury yields and rising commodity prices added to worries that inflation could limit any recovery effort.
Chrysler took its first steps with Italy's Fiat Wednesday, signing a deal and unveiling the new leadership in charge of bringing the company out of bankruptcy and into the future.
Chrysler and Italian automaker Fiat on Wednesday officially signed a strategic alliance brokered by the U.S. government, one day after the Supreme Court cleared the path for the deal.
Chrysler, which has endured more perils than Pauline, announced Wednesday that it has finalized its global alliance with Fiat, its last obstacle to emerging from bankruptcy.
U.S. stock were set to open higher Wednesday after the Supreme Court cleared the way for Chrysler to exit bankruptcy and a rise in oil prices.
The U.S. Supreme Court on Tuesday cleared the way for the sale of Chrysler to a consortium led by Italian automaker Fiat.
A federal bankruptcy judge Tuesday approved automaker Chrysler LLC's plan to terminate 789 dealer franchises, calling it an "appropriate and necessary" step by the company.
Chrysler finds itself waiting for word from the Supreme Court as to when it can go ahead with its combination with Italian automaker Fiat. According to the company's filings and industry experts, it won't be able to wait too long.
The Supreme Court threw a wrench into the plans to have a quick bankruptcy process at Chrysler LLC, delaying the company's combination with Italian automaker Fiat.
The railroading of secured lenders by the White House in Chrysler's reorganization raised troubling questions about the rights of U.S. creditors. That the highest court in the land has now signaled a willingness to consider the merits of arguments made by those opposed to the deal is good for capitalism -- not to mention democracy.
A top Obama administration lawyer urged the Supreme Court on Monday to allow Chrysler's bankruptcy to proceed, noting that the needs of the economy outweigh the needs of the deal's detractors.
A group of Indiana pension funds has made a last-minute effort to block Chrysler's deal with Italian automaker Fiat.
A bankruptcy judge has approved the sale of most of Chrysler's assets to a group led by Italian automaker Fiat, clearing the way for the automaker to emerge from Chapter 11 protection soon.
Talks on the future of German carmaker Opel failed to reach a resolution despite stretching into the early hours of Thursday, officials said.
Court proceedings that could determine the fate of Chrysler LLC continued Thursday after a marathon session that saw the automaker square off with creditors and auto dealers opposing the automaker's government-brokered restructuring plan.
Bankrupt automaker Chrysler LLC "went around the world" searching for a business partner but only Italy's Fiat was willing to strike a deal after last year's economic tumble, a former Chrysler executive told a federal judge Wednesday.
Fiat is looking to become the world's second biggest automaker after Toyota through deals with troubled U.S. carmakers Chrysler and General Motors. CNN's Jim Boulden explains how Fiat's fortunes rose while its U.S. rivals crashed.
Every time you look around, seems like companies are trying to hook up.
As Chrysler struggles to emerge from bankruptcy, its guardian angel has been Fiat's Sergio Marchionne, ready to put his reputation on the line as the CEO of the reorganized company.
Fiat Group, fresh from an agreement to buy a piece of troubled automaker Chrysler, has plans to purchase GM Europe and spin off the recombined carmakers into a new company.
A former accountant from Toronto is looking to remake the auto car industry.
Fiat Group, fresh from an agreement to buy a piece of troubled automaker Chrysler, has plans to purchase GM Europe and spin off the recombined carmakers into a new company.
Chrysler LLC filed for bankruptcy Thursday. But a deal has been reached to combine the company with Fiat in order to allow Chrysler to stay in business.
With Chrysler declaring bankruptcy, what may happen to the storied carmaker's 22 U.S. plants and thousands of workers is an open question.
"I have every confidence that Chrysler will emerge from this process stronger and more competitive," President Obama said today as the automaker filed for bankruptcy and entered into an alliance with Fiat.
Chrysler is undergoing the last bits of metamorphosis as it is hopefully transforms from a caterpillar into a butterfly.
Facing a Thursday deadline, Chrysler LLC appears on the verge of bankruptcy even as the Obama administration signaled a commitment to keep the troubled automaker alive.
Chrysler LLC picked up important support Wednesday night from its rank-and-file union members and President Obama.
As the clock ticked down Wednesday on a government-imposed deadline for Chrysler LLC to prove its viability, expectations grew that the troubled automaker would survive.
Chrysler LLC faces the most difficult, and important, week in its 84-year history as the automaker tries to close three difficult deals in order to avoid bankruptcy.
A battery-powered 268-horsepower two-seat sports car is in line to become Chrysler LLC's first electric car, provided the carmaker lives to see another day.
Whether the driver was Sophia Loren or Marcello Mastroianni, or just your average Giuseppe, the compact-but-curvy cinquecento (500) was Fiat's low-cost contribution to the aesthetic of Italy's dolce vita glory days of the 1960s. Reintroduced two years ago, the ever elegant-and environmentally much friendlier-Fiat Nuova 500 has become the symbol of the Turin automaker's long and grinding road back from the brink of insolvency.
"Fiat Saves Chrysler" read the headline on one popular Detroit blog. At first glance, it seemed like a reasonable claim.
For Chrysler, the big benefit from its new alliance with Fiat might be public perception: The automaker, under pressure by the U.S. government to restructure, is taking action to help itself.
Stocks slipped Tuesday morning as worries about the deterioration of the British banking system preoccupied investors ahead of the historic inauguration of Barack Obama.
Italian car giant Fiat is joining forces with ailing U.S. automaker Chrysler, the two companies announced Tuesday, in a move that will give Fiat a large stake in one of the Big Three while supplying Chrysler with access to new technology.
The widow and son of a paparazzi photographer who covered Princess Diana were scheduled to testify Thursday at the inquest into her death, and lawyers were expected to ask them about the man's Fiat, which some believe played a role in the fatal crash.
It may seem strange that the emirate of Abu Dhabi, one of the planet's largest suppliers of oil, is planning to build the world's first carbon-neutral city.
The war of the cute city cars has heated up with the release of the first official pictures of the new Mini Clubman. The estate version of the iconic supermini will be available throughout Europe from November. The announcement comes a month after Fiat released details of its Mini competitor, the cute 500.
While the United States celebrated Independence Day, Italy is experienced its own day of national pride. After years in the doldrums Italy's largest car manufacturer, Fiat, has unveiled the car that many believe will turn around the company's fortunes.
It was the small car that could park in the tightest of spots on the piazza, as Italian as prosciutto and espresso. On its 50th birthday, the Cinquecento is back, and Fiat wants it to become the iPod of cars.
Luca De Meo, head of the Fiat car brand, was given his job after just one interview. It was a hot Turin summer day in 2004, and Sergio Marchionne, the new CEO of the Fiat Group, was prowling the co...
Luca De Meo, head of the Fiat car brand, was given his job after just one interview. It was a hot Turin summer day in 2004, and Sergio Marchionne, the new CEO of the Fiat Group, was prowling the co...
Italian carmaker Fiat have agreed a two-year deal to be title sponsor of Valentino Rossi's Yamaha MotoGP team.
Fiat S.p.A. ranks no. 79 on FORTUNE's Global 500 this year, with $57.8 billion in revenues, down 3.6% from the previous year. The Turin, Italy-based company was ranked no. 57 on the 2005 list. Its 2005 profits were $1.7 billion. 2005 was a banner year for most Global 500 companies.
The next big thing in car electronics isn't big at all--which is why some analysts think it's going to be a huge hit. After limited success selling operating systems with complex navigation technol...
Fiat SpA (FIA) and Ford Motor Co. (F) will make utilitarian cars together, a company official at the Italian automaker confirmed Friday.
Investors appear likely to shrug off Verizon Communications' agreement to buy long distance provider MCI when the stock markets open Friday.
Fiat and General Motors both refused to blink in a standoff over whether the Italian group can force GM to buy its ailing car unit, raising the threat of a long legal battle and battering Fiat's shares.
Like most businessmen, Luca Cordero di Montezemolo enjoys success.
Sergio Marchionne, an independent member of Fiat's board and the chairman of Swiss chemicals group Lonza, is the front runner to take over as Fiat chief executive, a source familiar with the situation said Monday.
Fiat shares slipped in early trading on Monday in Milan after a management shake-up at the Turin-based car giant prompted by the death of the company's chairman and founder's son, Umberto Agnelli.
Thousands of Italians have been paying their last respects to Umberto Agnelli, the chairman of car giant Fiat.
Umberto Agnelli, the chairman of Italian auto giant Fiat, has died at the age of 69 after a battle with cancer, Italian police say.
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The global automotive chess game continues: First, GM takes a 20% stake in Fiat (which in return gets 5.1% of GM stock)--an alliance worth about $2.4 billion. Days later, Ford scoops up prestigious...
Remember The Reckoning, David Halberstam's weighty 1986 bestseller that celebrated the success of Nissan and other Japanese automakers? Halberstam attributed their rise to cultural spirit, fierce d...
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Italy is saying arrivederci to its old ingrown way of doing business. For decades, a few powerful Northern families have dominated many huge corporations, as the Agnellis do Fiat, while a giant sta...
-- ANITA HILL, 36, the University of Oklahoma law professor who accused Clarence Thomas of sexual harassment before he was confirmed to the Supreme Court, on how the hearings may have encouraged mo...
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ALL THREE of America's automakers are hurting. But Chrysler is hurting most. Its profits have fallen for five straight years and last year came to less than 1% of its $35 billion in revenues. The C...
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By the standards of the 30-year men who run most of the world's biggest companies, Cesare Romiti of Fiat Group is a job-hopper. Before joining Fiat 13 years ago, Romiti, who was born and educated i...
FIAT GROUP, Italy's foremost industrial company and one of Europe's leading carmakers, is firing on all cylinders again. But don't give Giovanni Agnelli, Fiat's famous chairman and principal owner,...
A few years after cash-starved Fiat Group sold a $400-million stake to Libya, the company began to turn the corner (FORTUNE, November 12, 1984). Now Libya needs cash, so in September Fiat divorced ...
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FIAT GROUP, Italy's foremost industrial company and one of Europe's leading carmakers, is firing on all cylinders again. But don't give Giovanni Agnelli, Fiat's famous chairman and principal owner,...
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