9 result(s) displayed (1 - 9 of 9):
Sergio Marchionne is shuffling the management ranks and organizational chart at Chrysler Group LLC for the second time since the Fiat SpA CEO took over the corner office in Michigan this summer. Chrysler said Monday that Chrysler brand CEO Peter Fong and Dodge chief Michael Accavitti had both left the...
Posted on October 5, 2009 4:19 PM
No one can accuse Fiat SpA of not aiming high. The Italian automaker, which took control of Chrysler Group LLC earlier this year as part of a post-restructuring global alliance, hopes that a revamped Chrysler brand can compete with premium domestic brands Cadillac and Lincoln.That would mark a significant repositioning...
Posted on September 22, 2009 2:15 PM
The future of the hybrid/electric auto industry is on display at the 2009 Frankfurt Auto Show. Besides the loud buzz around Volkswagen AG's L1 concept, the two-cylinder diesel that insiders say can get nearly 200 mpg, there are deals to be talked about.For instance, in exchange for the technology platforms...
Posted on September 15, 2009 2:16 PM
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
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
The widely expected news of General Motors Corp. filing for Chapter 11 bankruptcy has news outlets -- and Americans for that matter -- in a frenzy. GM will get $30.1 billion in financing as it cuts jobs and debt, and looks to a greener future.The Deal has reporters in bankruptcy...
Posted on June 1, 2009 9:17 AM
With no rescue from Sweden, Saab Automobile AB filed for bankruptcy in February and now is making headway in pursuing an independent strategy, saying three bidders for the former General Motors Corp. (NYSE:GM) unit remain. In April, it had signed confidentiality agreements with about 27 potential suitors.In order to...
Posted on May 19, 2009 8:17 AM
Iran's nuclear program has oil giant Total SA skittish on investments in the country. Iran isn't helping its cause, recently test-firing ballistic missiles and sending oil prices back up. Total CEO Christophe de Margerie called the country too risky to invest in and postponed a gas project there. Iran's Oil Minister fired back...
Posted on July 10, 2008 11:24 AM
If there were a corporate dealmaker hall of fame, Paolo Fresco would surely be in it. As chairman of Fiat SpA from 1998 to last year, he led a string of transactions, including the purchase of U.S. farm and construction equipment group Case Corp. for $4.3 billion and the...
Posted on February 15, 2004 4:19 PM
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