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Fiat SpA chief executive Sergio Marchionne discussed second-quarter earnings on conference call (access available here) and said he had no doubt that Chrysler Group LLC will be profitable.Italy's Fiat and once-bankrupt Auburn Hills, Mich.-based Chrysler finalized their strategic alliance last month with Marchionne (pictured) taking the top spot at...
Posted on July 22, 2009 3:54 PM
Bob Nardelli, former candidate for CEO of General Electric Co. (NYSE:GE), former CEO of Home Depot Inc. (NYSE:HD), and now, former CEO of Chrysler LLC, is going to Cerberus Capital Management LP as an adviser. After Cerberus took over Detroit's Chrysler from Daimler AG for $7.4 billion in 2007,...
Posted on June 11, 2009 8:33 AM
Before a longer analysis by The Deal's Lou Whiteman, a senior writer covering autos and aviation, here's a quick hit on Fiat SpA closing its acquisition of the good assets of Chrysler LLC.Sergio Marchionne (pictured), who was named CEO of Chrysler Group LLC on Wednesday, said in a statement:"From...
Posted on June 10, 2009 1:37 PM
Lots of people have observed that it's a period of tectonic change for the economy. Few have summed it up as bracingly as Fiat SpA CEO Sergio Marchionne did Wednesday when laying out a tough negotiating stance for unions at Chrysler LLC. Here's the quote as it appeared in Lou...
Posted on April 15, 2009 1:47 PM
Giving multiple press interviews while your team is engaged in due diligence is not the typical way to execute a deal. But then, the announced acquisition by Fiat SpA of a 35% stake in Chrysler LLC (with an option to go to 55%) is not a typical deal by any...
Posted on February 3, 2009 1:25 PM
If there are any mass-production carmakers looking for a partner, Fiat SpA may be able to help. The reinvigorated Italian manufacturer is preparing a €2 billion ($2.6 billion) capital increase to purchase a stake in French rival Peugeot SA and form an alliance, according to a La Repubblica report...
Posted on January 22, 2009 9:27 AM
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