Magna eyes entry to Europe May 29, 2009
The German government reportedly has given Magna and Italy s Fiat S.p.A. preferred bidder status for Opel and is granting them access to the automaker s books. If Magna wins the bid, it would become a major player in a western European auto market that already is occupied by Magna customers BMW, Volkswagen and Fiat. (Buffalo Business First, NY)
Financial institutions back Fiat's ambitions May 22, 2009
"Our long-standing relationship with these houses, who have been close and participative in the reshaping of Fiat in the last few years, gives us the required comfort and assurance to undertake these efforts", said Sergio Marchionne, chief executive of Fiat S.p.A. "Their strength and financial expertise will ensure that we will develop and deliver the optimal structures for the Group going forward, for the ultimate benefit of all stakeholders.". The Italian automaker Fiat Group SpA was one of... (Sydney Morning Herald -- Business)
Rep. Buchanan blasts Chrysler closings May 15, 2009
Chrysler filed for Chapter 11 bankruptcy protection April 30 ahead of a planned merger with Italian automaker Fiat S.p.A., and Thursday asked a judge in the court s Southern District of New York to allow it to end agreements with. One of those dealerships is 1099 LLC, which operates as Venice Nissan Dodge, and is owned by Buchanan. (Tampa Bay Business Journal, FL)
Chrysler dealerships closed could include Vern Buchanans 1099 May 15, 2009
Many of its dealers are being approached by other car manufacturers, and by establishing a list of dealerships that will remain with Chrysler following its merger with Fiat S.p.A., the manufacturer said it hopes to prevent losing stronger dealerships because of uncertainty surrounding the bankruptcy case. A receptionist at Tarpon Springs Dodge said the dealership had no comment on the report. (Tampa Bay Business Journal, FL)
