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Reuters reports that Sergio Marchionne told a parliamentary hearing that the alliance with Chrysler was crucial for the Fiat group’s future and repeated his commitment to maintain a strong presence in Italy. “It’s not only true that Fiat saved Chrysler but also that Chrysler is determining for the group’s future,” Marchionne said. “We are strengthening [...]
Earlier today, the Board of Directors of Fiat S.P.A. approved a demerger of its two automotive businesses. Fiat’s heavy truck and equipment companies, including Iveco and CNH (Case New Holland) will be spun off into a new entity, Fiat Industrial S.p.A. Fiat S.p.A. will retain Fiat Group Automobiles (Fiat, Fiat Professional, Abarth, Alfa Romeo and [...]
John Elkann, 34, the newly appointed chairman of Fiat S.p.A. and grandson of former Fiat chairman Giovanni Agnelli, told reporters that the company is not looking for any new partners. “We have a strong relationship with Chrysler and that is what we are actively working on,” said Elkann at the annual meeting of Exor S.p.A., [...]
Chrysler and the National Aeronautics and Space Administration have formed a partnership to share information on advanced space exploration and automotive technologies. The three-year alliance allows Chrysler Group and NASA to leverage existing and developing technologies to advance their respective projects in what are termed “several areas of mutual interest.” “This is a great opportunity [...]