Episode #363 of the Autoblog podcast is here, and this week, Dan Roth and Steven Ewing welcome Zach Bowman, now with Road & Track, back for the first podcast of 2014. Topics include the 2014 North American International Auto Show next week in Detroit, Fiat purchasing all of Chrysler, the possible mandating of backup cameras and the best-sel
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
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
A Bloomberg report from last month said that if Chrysler ends up offering an IPO, it could jeopardize the entire alliance between the Auburn Hills-based automaker and Fiat, but the outlet now
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
An initial public offering for the Chrysler Group could happen this week, following Sergio Marchionne's comments to Financial Times in London, according to a report from The Detroit News. Fiat, which owns 58.5 percent of Chrysler, has been in a battle with the Brandon Turkus
At the moment, Fiat is in court with the United Auto Workers, waiting for the justice system to provide some guidance on a fair price for 41.5-percent of Chrysler it doesn't own. Fiat owns 58.5 percent of the company and wishes to buy the remainder, which is owned by the union's VEBA retiree trust, but the Italian company and the UAW are on Jonathon Ramsey
The United Auto Workers union is pushing Chrysler to sell 16.6 percent of its stock to investors in an attempt to establish the value of the shares. The UAW is currently locked in a lawsuit with Chrysler parent company Fiat over how much the Italian automaker should pay to buy shares from the
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
According to Automotive News, Fiat may be looking to increase its stake in Chrysler from 20 percent to 51 percent before the Pentastar goes public. If true, that would mean that Fiat intends to repay Chrysler's federal loans before their 2013 due date. Doing so would allow the Italian automaker to sink its teeth into its American property by an additional 16 percent.
The timeline for Chrysler's IPO is gradually coming into focus. Four months ago Fiat CEO Sergio Marchionne said he expected to Chrysler's offering to happen "probably" in 2011. Now he's narrowed that down to becoming "a second-part-of-the-year event."
Everyone is watching General Motors CEO Ed Whitacre, Jr. to see what he'll be able to pull of this year with respect to his plans, including a possible IPO. Count Chrysler CEO Sergio Marchionne among the interested. While the Fiat 500's introduction will likely result in Fiat upping its Chrysler stake to 25 percent, when it comes to a
From Monday's 'More Good News' edition, this nugget from Chrysler CEO Sergio Marchionne: "It is clear that if we continue to perform at this rate we're going to be in excess of the guidance that was provided in 2009." What does that mean? It means that Chrysler is making more money and using that money more efficiently than expected. If such performance keeps up, the Pentastar will put up better than expected numbers this year, and could be ri