Posted on May 23rd, 2012 • by Bill Cawthon
Fiat Group Automobiles S.p.A. and Mazda Motor Corporation have agreed to jointly develop a new sports car to be based on the next-generation of the Mazda MX-5 Miata. The two companies today announced the signing a non-binding Memorandum of Understanding covering the development and manufacturing of the car and a final agreement should be signed [...]
Posted on May 1st, 2012 • by Bill Cawthon
Chrysler again beat the analysts’ estimates as it reported U.S. sales of 141,165 units, a 20.4% increase over sales in April 2011 (117,225 units), and the group’s best sales in the month of April since 2008. Chrysler Group recorded its 25th-consecutive month of year-over-year sales gains and its 11th-straight month of sales increases of at [...]
Posted on April 30th, 2012 • by Bill Cawthon
Italian financial newspaper Il Sole 24 Oro reports that Fiat will exercise an option to purchase an additional 3.32 percent of Chrysler from the United Auto Workers Retiree Healthcare Trust (VEBA) on July first. The additional share would bring Fiat’s stake in the Auburn Hills automaker to 61.8 percent. “There is a probability of more [...]
Posted on April 24th, 2012 • by Bill Cawthon
According to the California New Car Dealers Association (CNCDA), the growth in sales of Chrysler brand vehicles outpaced all other brands in the first quarter of 2012. The organization reports registrations of Chryslers rocketed 222.1 percent in the three months from January to March, easily outpacing second-place Kia’s 3.4 percent. Jeep was third in terms [...]