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Monday, May 25
Fiat's Opel Plan Lacks Industry Strategy, State Minister Says
Guttenberg and German Chancellor Angela Merkel met Fiat Chief Executive Officer Sergio Marchionne in Berlin today. All bidders need to revise their proposals to reduce risks for Opel's employees, Guttenberg told reporters afterward, calling the Italian ...
Sunday, May 24
Fiat, Banco Santander, Areva, Enel : Europe Equity Preview
Fiat SpA (F IM): German Economy Minister Karl-Theodor zu Guttenberg said the government is studying Fiat's revised offer for General Motors Corp.'s Opel unit and that questions remain over all three bids. Fiat Chief Executive Officer Sergio Marchionne ...
Friday, May 22
Magna's Opel Growth Goal Makes It Germans' Favorite, Koch Says
Fiat Chief Executive Officer Sergio Marchionne said on May 6 that his bid would involve offering “100 percent of Fiat's auto unit clean of debt,” as well as assuming Opel debt, in a non-cash transaction. Magna's and RHJ's offers include cash, ...
Wednesday, May 20
Chrysler Names Kidder Chairman of New Auto Company
BusinessWeek Kidder, 62, is the former chairman and chief executive officer of Borden Chemical Inc. and Duracell International Inc. He will take the chairmanship of the newly renamed Chrysler Group LLC as Fiat CEO Sergio Marchionne becomes CEO. ...
General Motors Says Opel Unit Attracted Three Bids
Aurora, Ontario-based Magna's bid would focus on Russia, while Fiat's plan would have a Latin American emphasis, Forster said in a May 15 interview. Fiat Chief Executive Officer Sergio Marchionne said in early May that he's interested in an ...
Monday, May 18
Fiat CEO Marchionne Will Meet With IG Metall Tomorrow
By Nadja Brandt and Ryan Chilcote May 18 (Bloomberg) -- Fiat spa Chief Executive Officer Sergio Marchionne will meet representatives of German labor union IG Metall tomorrow, a spokeswoman for union officials and Opel board member Armin Schild said ...
Thursday, May 14
Fiat Said to Study Using GM Opel Designs for Chrysler
The prospect of a GM alliance was broached last week by Fiat CEO Sergio Marchionne, who said in a May 6 interview he was interested in an as-yet-undefined venture with GM in Europe and Latin America. He also said he's interested in the bankrupt Saab ...
Wednesday, May 13
Fiat Said to Study Use of Designs From GM's Opel for Chrysler
Fiat and Chrysler together would form the world's sixth- largest automaker by sales. Combining that entity with GM's European operations would generate 80 billion euros in annual revenue, Fiat's board said May 3. Marchionne said Fiat would contribute ...
