We're set to record Autoblog Podcast #363 tonight, where prodigal host Zach Bowman will return to join Dan Roth and Steven Ewing. Check out the topics below, drop us your questions and comments via our Q&A module, and don't forget to subscribe to the Autoblog Podcast in iTunes if you haven't already done so. To take it all in live, tune in to our USt
Sergio Marchionne is the CEO of Fiat, which as you may have heard, has finally worked up a deal to finish acquiring the Chrysler Group after months of bargaining with the United Auto Workers an
Now that Fiat has finalized a deal to purchase the outstanding shares of Chrysler owned by the United Auto Workers' VEBA retiree heathcare fund without having to file for an IPO, you can count the Italian automaker's stockholders among the happy. The Detroit News reports that Fiat stock closed Thursd
Chrysler will now become a wholly owned member of the Fiat family, as it's been announced that the 41.46-percent stake in the Auburn Hills, MI-based manufacturer owned by the United Auto Workers' VEBA trust fund will be sold to the Italian company. Concluding the agreement will mark the closure of a piecemeal purchase process that could have resulted in an
The four-year relationship between Fiat and Chrysler has thus far been beneficial for both automakers, but it has also proven to be a complicated battle between Sergio Marchionne and the United Auto Workers – the latter controlling the remaining 41.5 percent of Chrysler. With the Jeffrey N. Ross
As Fiat looks to become the full owner of Chrysler, all it has standing in its way is the retiree trust of the United Auto Workers, which currently holds the remaining 41.5 percent of the company as the result of the Pentastar's bankruptcy deal. Jeffrey N. Ross
All that stands in the way of Fiat's total ownership of Chrysler is a 41.5-percent stake currently held by the United Auto Workers healthcare trust, bu
Despite the fact that Fiat has a controlling stake in Chrysler, the Italian automaker cannot take advantage of the Pentastar's recent success to ease its pain in Europe.
Automotive News is reporting that Fiat has paid $1.27 billion for an additional slice of Chrysler. The news follows a move by the Italian automaker last week that saw its total ownership jump to 30 percent. The newest acquisition increases that total to 46 percent, and analysts are predicting
Fiat Panda Natural Power
This cellphone image caught by a tipster may be a bit fuzzy, but we can definitely see that this is the Fiat 500 caught in action. This image was captured on Saturday near Fort Collins, CO. The lead vehicle, a Mini Cooper, was also likely part of the trip, since both vehicles wore manufacturers plates from Michigan.
So you're Chrysler, and you hop into the Chapter 11 pool to save your own skin. While you can wash away some of your past sins with a bankruptcy-protection filing, the deal with Chapter 11 is that you've got to come up with a way to get out of your financial pickle and return to profitability. Part of the Chrysler plan to keep its head above water was divestiture of 789 dealers, a very unpopular idea with the rejected sales organizations (and no small number of politicians, whose ears w
While visiting Fiat's gearbox plant in Verrone, Italy the other day, Chrysler board member Alfredo Altavilla let slip that the Italian giant and its newly-acquired Detroit automaker are working together to build an electric car. Chrysler hasn't been talking up its ENVI electric vehicle skunkworks of late and, although they have said
Fiat is hard at work trying to come up with the best available use of its newly acquired Chrysler arm. Part of that plan may be to sell more Chrysler products in Europe, and Fiat just so happens to have an available factory to build them in. Automotive News is reporting that Fiat CEO Sergio Marchionne says the company would use its freshly purchased Carrozzeria Bertone plant near Turin, Italy. Fiat purch