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Fiat currently owns 20 percent of Chrysler and can raise its stake to 35 percent once it satisfies three criteria: builds a plant in the U.S. to assemble fuel efficient engines; builds a 40 mpg car in the U.S. and expands Chrysler's international reach. For each milestone achieved, Fiat gets ...
In a none-too-shocking announcement, Chrysler announced plans to invest $179 million to convert its engine plant in Dundee, MI, from building the so-called World Engine to Fiat's 1.4-liter Fully Integrated Robotized Engine. Back in September, Chrysler bought out its former partners Hyundai and ...
In a terse statement issued last night, Chrysler made official what had been expected for at least a couple of weeks: The Global Engine Manufacturing Alliance is no more. Chrysler Group LLC has bought out its former partners Hyundai and Mitsubishi, and the Dundee, MI engine plant that builds ...