Friday, July 23, 2010

Chrysler Turns Operating Profit Again in Second Quarter

TURIN, Italy — Chrysler Group reported its second consecutive quarterly operating profit, while corporate parent Fiat booked net income of $145 million during the quarter.

Fiat CEO Sergio Marchionne did not specify the amount of Chrysler's operating profit, nor did he say when the U.S. automaker would return to net profitability. Chrysler will release its full quarterly financial results on August 9.---...More

Wednesday, July 21, 2010

Chrysler Financial Considers Lending Again -

DETROIT—Chrysler Financial is considering whether it will once again compete in the lending business after it was dumped by Chrysler Group LLC during the auto maker's bankruptcy last year.

The former lending unit has contacted dealers to see if they would use the company when offering consumer loans, according to three dealers contacted by The Wall Street Journal.

Chrysler Financial didn't disclose its full intentions but was "gauging" potential interest, one dealer said.Chrysler Financial Considers Lending Again -

AFP: Fiat takes major step towards global megagroup

MILAN — Fiat took a big step Wednesday towards the dream of its ambitious chief Sergio Marchionne to become a global megagroup with board approval for a spinoff of its non-car activities.
The maverick chief executive is seen to be positioning the group to join the fray as major world automakers seek new alliances, a year and a half after orchestrating a hook-up with near-bankrupt US automaker Chrysler.
"It will be easier for Fiat to merge with other companies, and the first that comes to mind obviously is Chrysler," said Umberto Bertele, chairman of Milan Politechnic's business school, of the restructuring....
AFP: Fiat takes major step towards global megagroup

Tuesday, July 13, 2010

Fiat convention goers get first dibs on 'Prima Edizione

It can pay to be a fan. Chrysler told Fiat fans at the annual convention of the Club Fiat-Lancia Unlimited in Asheville, N.C., that they can reserve a First Edition or "Prima Edizione" of the Fiat 500 that launches in December.---...More