It finally: Chrysler belongs to the people, but Fiat
It was decided: Chrysler as we know it all, OGETHER with the models they produced, no longer exists. Instead, UAW union will have 68%, Fiat will own 20%, while the remaining 12% will belong to U.S. and Canadian governments.
Advertisements
It was decided: Chrysler as we know it all, OGETHER with the models they produced, no longer exists. Instead, UAW union will have 68%, Fiat will own 20%, while the remaining 12% will belong to U.S. and Canadian governments. The transaction is also legal, the U.S. Supreme Court this DIVIDED probed of Chrysler. U.S. Company avoids liquidation.
Interesting to note is that Chrysler's best assets will go to new company run by people from Fiat.
Chrysler Fiat will make available to its latest technologies, platforms and engines for small and medium-class cars, inclined environmentally friendly vehicles.
On the other hand, the new Chrysler will have access to expertise in the management of Fiat, and also allowed to own cars by Vanda and distribution network of Fiat, mainly on markets in Latin America and Russia.
Fiat Chief Executive Sergio Marchioness became executive chairman of Chrysler Group LL C.
The two companies will build in the U.S. based model Alfa Romeo 149 which nice not been released in Europe.
It's quite possible that Americans build engines and Fiat in the U.S., while the Fiat 500 and he would be released in the U.S...
You may also be interested in . . .
Fiat 500 will be produced in Mexico
American version of Fiat's 500 will be produced at Chrysler plant in Toluca. Maximum production capacity of this plant is 130,000 units per year... FIAT -- Chrysler, An alliance that appears in times of crisis
While Fiat desperately needed an ally to survive the current difficult context of the automotive industry, Chrysler barely avoided bankruptcy... Alfa Romeo returns to the U.S. market in 2012
Sergio Marchionne said Alfa Romeo will return to the U.S. market in 24 months, and helped the partnership with Chrysler.
Future brand Alfa... New images of the Fiat Freemont
Fiat has launched a new series of photos of the new MPV Freemont. Freemont is the first result of partnership between Chrysler and Fiat. The new... Fiat does not reach the Dodge Challenger
The Italian group said it will not alter the identity of muscle-car sites and Dodge Challenger. They will not escape but the Fiat logo and Nitro... Fiat prepares for a unique brand Maserati, Alfa Romeo and Abarth
Sergio Marchionne acknowledged that Alfa Romeo is "sick child" of the Fiat group. A solution to save it is creating a common brand with Maserati... Drop the Daimler Chrysler
Chrysler made steps toward avoiding bankruptcy, reaching a preliminary agreement with the largest union in the U.S. and won or validation of a...