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Auto Observer
Auto Observer (autoobserver.com) has great Fiat news, photos, videos and more
Tuesday, Sep 29
Fiat-Chrysler's Marchionne Steps Down from Bank Board
Fiat CEO Sergio Marchionne apparently has figured out his plate is full running both Fiat and Chrysler as he has decided not to run for re-election to the board of directors of UBS AG, Switzerland's largest bank. Marchionne was elected to the bank board in 2007 and appointed independent...
Thursday, Sep 24
Chrysler Puts Pedal to the Metal on New Models, Report Says
Addressing its glaring problem of an empty product pipeline, Chrysler will do a speedy makeover of at least five models by mid-2011, along with introducing the 2011 Jeep Grand Cherokee and redesigned Chrysler 300 that year, as part of a five-year plan reportedly being submitted to the a...
Monday, Jul 20
Strange Automotive Bedfellows, 2009 Edition
But one of the weirder six-degrees-of-separation connections of the year is between Steve Rattner, now-retired czar of the Presidential Task Force On Automobiles and Cerberus Capital Management, former majority owner of Chrysler.
Friday, Jun 12
Chrysler, GM Losing and Moving Execs
None of this is unexpected, particularly as Chrysler is sure to be entertaining a certain amount of Fiat S.p.A executive input now that Fiat is Chrysler's operational owner. And most insiders and industry analysts say GM still has plenty of management dead wood to burn and will see more volu...
Tuesday, May 26
Fiat Dangles Opel Carrot: Fewer German Job Losses
Marchionne told the AP Fiat's plan for restructuring Opel and integrating it and most of GM's European operations into a mega-automaker consisting of Fiat, Opel and Chrysler (the assets of which Fiat expects to acquire through Chrysler's Chapter 11 bankruptcy) would mean less than 10...
Wednesday, May 20
GM Europe Receives At Least Three Bids
The bidders are Canadian parts supplier Magna International, Italy's Fiat and the Brussels-based RHJ International, a car parts holding company formed by the founder of private equity firm Ripplewood Holdings. A fourth bidder is possible though no details have been released. Bidders...
Monday, May 18
Commentary: Marchionne's Plan Is Gutsy But Iffy
LONDON - Fiat CEO Sergio Marchionne scores top marks for ambition. His grand plan to sweep the whole of Chrysler plus General Motors' extensive European arm into Fiat's car operations is truly gutsy.
Wednesday, May 6
Not So Fast, Fiat: Russians Interested in Opel, Too
Just-auto.com reported a Russian news source as saying Magna is allying with Russia's Sberbank and GAZ Group to make a controlling-stake bid for Opel, which GM is anxious to offload and Marchionne covets in order to create a new automaker from Fiat, Opel and Chrysler.
Monday, May 4
With Chrysler Captured, Fiat Moving on Opel
With Chrysler LLC now in bankruptcy and its assets all but promised to Fiat S.p.A. as part of a months-in-the-making ownership and alliance proposal, Fiat's hyper-acquisitive chief executive Sergio Marchionne already is laying out a plan to take over General Motors Corp.'s foundering Eu...
Thursday, Apr 23
Fiat Could Be Set To Take Stake In GM's Opel
General Motors appears set to shift a majority stake in its German unit Opel, possibly to Italy's Fiat, though GM is in talks with other potential investors as well, according to European media reports Thursday morning. GM could sign a letter of intent with one of them as early as Tu...
Tuesday, Apr 21
Obama Administration Loans Chrysler, GM More Money
Chrysler received about $500 million to get it through the end of April. The Obama Administration has set an April 30 deadline for Chrysler to negotiate a final deal with Italy's Fiat in order to be granted $6 billion more in government funds or face bankruptcy. And the government will end it...
Friday, Apr 17
Chrysler-Fiat: 'Value' For Fiat Means 'Free'
With a May 1 deadline to make a deal with stakeholders - a prerequisite of subsequently partnering with Fiat S.p.A. - bearing down on Chrysler LLC lest the Obama Administration's Auto Task Force take Chrysler into some form of bankruptcy, the posturing is heating up, particularly from Fiat...
Wednesday, Apr 15
Fiat's Marchionne: Union Concessions Or We Walk Away
TORONTO - Fiat CEO Sergio Marchionne told a Toronto newspaper that a Fiat-Chrysler partnership had only a 50-50 chance of success because of lack of progress in talks with union leaders, especially those in Canada. He said that the Italian automaker is prepared to walk away from the...
Monday, Apr 13
Fiat CEO Marchionne Could Be Chrysler CEO as Well, Trade Journal Says
The publication says the companies are discussing a revised ownership structure, a new board and possibly a different management team for Chrysler. Under consideration is splitting Chrysler chairman and Chrysler CEO into two jobs. Robert Nardelli currently holds both titles. Marchi...
Thursday, Apr 9
Fiat's Marchionne Back In the USA; Hurdles In Chrysler Deal Remain
Marchionne and Alfredo Altavilla, Fiat's head of business development and chief executive of its powertrains division, reportedly are dividing their time between negotiations in Detroit with Chrysler and the UAW and meetings in Washington with U.S. Treasury officials.
