detroit

Fiat Shares Soar on Chrysler Buyout Deal

Shares in Fiat rose as much as 16 percent in early trading Thursday after the Italian car maker struck a $4.35 billion deal to gain full control of Chrysler Group.

Chrysler Shares Could Soon Be On the Market Again

When Fiat CEO Sergio Marchionne took over Chrysler in 2009, it was considered a forgone conclusion that, eventually, he'd take the company public in an initial public offering. But now, Marchionne says the odds of an IPO are merely 50-50.

Couple Convicted of Stealing Hybrid Car Trade Secrets from GM

A former General Motors engineer and her husband were found guilty on Friday of conspiring to steal hybrid technology trade secrets for possible use by Chinese carmaker Chery Automobile. Shanshan Du and her husband, Yu Qin, will be sentenced in February.