fiat

Fiat May Raise Its Stake in Chrysler to 51% Before IPO

Fiat CEO Sergio Marchionne said Monday that he could increase Fiat's ownership in Chrysler to more than 50% should America's smallest domestic automaker seek to return to the stock market this year, but that he doesn't plan to merge the companies' operations.

Fiat May Use Grand Cherokee Platform for Alfa Romeo

Chrysler has enjoyed so much success with the new Jeep Grand Cherokee that Fiat (FIATY) may use the vehicle%u2019s platform for Alfa Romeo and Maserati models. Chrysler, which is controlled by the Italian company, introduced the new Grand Cherokee earlier in 2010.

October Car Sales Point to an Auto Rebound

Buoyed by consumers' increased confidence in the U.S. economy, automakers with few exceptions reported higher sales of cars and trucks in the U.S. during October compared to a year ago.

Chrysler May Soon See More Federal Aid

In addition to state tax credits from Michigan -- and the billions of dollars already loaned it by U.S. taxpayers in the form of last year's bailout -- Chrysler may soon get approval for billions more in loans from the Department of Energy.

Auto Industry Cruises on Slow, Steady Demand

Though vehicle sales have underperformed some analyst expectations in recent months, results are much improved compared to those of a year ago. The industry is seeing a broad trend that is benefiting nearly all automakers.

September Auto Sales: Don't Expect Much Sizzle

Overall demand for new cars and trucks, while better than a year ago, is likely to be lower than that recorded in August, itself an unimpressive month. That would mean auto sales are stuck in a four-month-long rut.

Fiat Eyes a Ferrari IPO to Fund Bigger Stake in Chrysler

Italian automaker Fiat reportedly is looking to acquire a bigger stake in Chrysler Group, and may seek to sell shares in its Ferrari sports-car unit in an initial public offering to help fund the purchase, unnamed sources told the respected Italian newspaper Corriere della Sera.

Chrysler Dealers Eager to Sell Fiats

Eager for fresh products to sell to consumers, Chrysler dealers are vying for about 165 Fiat franchises. Fiat took over management of Chrysler last year as the carmaker was heading into bankruptcy.

Ferrari Recalling More Than 1,000 Supercars After Reports of Fire

Ferrari is recalling more than 1,000 of its 458 Italia supercars after reports of fires. Following reports of fires in locations from Paris to China, Ferrari has determined that the problem is caused by an adhesive used in the wheel-arch assemblies, Reuters reported.

Chrysler Unveils Updated Jeep Wrangler SUV

Chrysler has taken the wraps off the latest iteration of the Jeep Wrangler sports-utility vehicle. But it will take a discerning eye to spot the subtle differences between the soon-to-be available 2011 model and those of its predecessor -- and that's the point.

White House: Auto Bailouts Created 55,000 Jobs

Obama visits Detroit today to bolster the administration's claims that the $86 billion spent to rescue GM and Chrysler from oblivion was well worth the jobs it has put people into, and the million or more the government says it saved.

Chrysler Expands Risk-Free Car Return Program

In an effort to boost sales, Chrysler said Thursday it is expanding a program that allows customers to return new vehicles within 60 days if they aren't happy with their purchase. In addition, the automaker is also offering zero-interest financing on most 2010 Chrysler, Dodge, Jeep and Ram vehicles.

Chrysler Offers a Limited-Edition 'Mopar Challenger'

Chrysler Group on Wednesday unveiled a special edition of its Challenger muscle car, dubbed Mopar '10, which will arrive in dealer showrooms next month. Sporting a 5.7-liter Hemi V-8 engine, it'll go for $38,000 with an automatic transmission.

Chrysler Recalls Nearly 600,000 Minivans, Jeeps

Chrysler is recalling nearly 600,000 vehicles for problems ranging from failing brakes to sticky accelerators to electrical fires, including Chrysler Town & Country and Dodge Grand Caravan minivans, and Jeep Wrangler SUVs, federal safety regulators disclosed Monday.

Chrysler Reports More Losses -- but Also Some Hope

Chrysler Group isn't yet profitable, but the struggling carmaker has dramatically improved its finances since emerging from bankruptcy last summer. It lost nearly $4 billion in 2009's second half, but in first-quarter 2010 it showed an operating profit of $143 million. More is promised.

Ford, GM Sales Surge in January as Toyota Tumbles

Ford Motor and General Motors, the two largest U.S. auto makers, reported higher sales in January, as consumers steered cleared of the showrooms of the companies' nearest Japanese competitor, Toyota Motor, which is mired in massive recall involving millions of vehicles.

Detroit Ends Tumultuous Year with Mixed Results

Detroit automakers closed 2009 with mixed results. While overall sales for the year fell at Ford Motor, General Motors and Chrysler Group, each reported strong December sales as bargain-hungry consumers sought to cinch deals before year's end.

Your next Chrysler will be a Fiat

Fiat never managed to sell many cars in the U.S. when it was competing with The Big Three and the Japanese makers, and in 1981 it pulled out of the...