Fiat

Carmakers Demands Euro Protection

Issuing another warning call for the region’s administrative officials, leading automobile business executives claimed that the government should immediately find some quick solutions against the increasing debt catastrophe uncertainties.

However, all these official statements were made at the occasion of car show organized at Frankfurt, the largest city in the German state of Hesse and the fifth-largest in Germany.

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Fiat assures to register profit this year

On Monday Chrysler, the smallest of Detroit’s automakers has recorded a loss of $199 million in the fourth quarter. However, Company has assured to return to the path of success in this financial year. It is coming up with some new products and anticipating a good result this year.

Chrysler has hold-up its American rivals like General Motors and Ford. This was done for rebuilding its operations and balance sheet after industry sales drooped badly in the year 2008 and 2009. The deficit in the same quarter a year ago was $2.7 billion.

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Marchionne: Fiat Getting Rid of Its Industrial Business

Sergio Marchionne, CEO of both Chrysler and Fiat, made an announcement saying that Fiat will be digesting its non-automotive industrial business, as it gets the approval of the investors. Earlier, the shareholders approved on the plan of Fiat divesting the industrial and marine operations into Fiat Industrial.

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Fiat is back in US

Italian automaker, FIAT has decided to come back to the US market after three decades and is ready to face the competition that has developed because of the US as well as other foreign players.

FIAT has said that it will enter the market by using the distribution channel of Chrysler Group. But till now no response from these dealers has.

But looking at the current situation it seems rather possible that the dealers will be happy to take up the new job. But as per the plans of the company, the 500 mini cars that FIAT is going to hit the showrooms by 2011.

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Fiat 500 Minicar to Launch in United States

After a 30 year break, Fiat is all prepared to mark its entry in the United States, with the launch of its exotic Fiat 500 minicar. Also, Chrysler Group dealer are contemplating whether they would sell the Italian brand or not.

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