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You are currently browsing the Allpar Chrysler, Dodge, and Jeep News news archives for 'Opel' tag.
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Stung by German government criticism of FIat’s offer for GM’s struggling European brands, Fiat (and soon to be Chrysler) CEO Sergio Marchionne was quick to respond. In an interview with The Economist, Marchionne said, “I’m offering the German government a car business that will be effectively debt-free and I will take on Opel’s liabilities, including [...]
A Fiat spokesman confirmed that Sergio Marchionne, CEO of Fiat Group, will head Chrysler when it leaves bankruptcy, most likely in May or June; he is also working on taking over Opel, Saab, and Vauxhall. Marchionne is a dual Canadian and Italian citizen, who has stated his goal as creating the world’s second largest automaker (and [...]
Fiat has answered the question of how the company planned to finance its takeover of Opel at the same time it would presumably need to invest funds into Chrysler. The company now plans to take over GM Europe and create a new corporation, which would be listed on a yet-unspecified stock exchange, combining Fiat, Opel, [...]
Fiat SpA confirmed today that it is talking to General Motors Europe (GME) about acquiring GME’s troubled European operations. The Italian automaker wants Opel, Saab and Vauxhall to assemble an automotive operation large enough to be competitive in the future world market. Fiat CEO Sergio Marchionne has said an automaker needs to be able to [...]