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Sergio Marchionne got his way. This week, shareholders approved his plan to separate Fiat S.p.A. into Fiat Autos and Fiat Industrial. Marchionne believes that the two companies can work better without having to consider each others' divergent strategies. "Fiat Group Automobiles is destined to become, in combination with Chrysler, a leading global producer, reaching the threshold of 6 million cars a year by 2014," he said.

Fiat SpA and Tata Motors announced Tuesday that they will enter into a joint production agreement, considerably expanding the scope of the alliance between the two companies announced in January.